Modi, Monaco prince hold bilateral talks
Both discussed ‘ shared interest in tackling climate change and use of ocean resources’
Prime Minister Narendra Modi held talks with visiting Prince Albert II of Monaco, a tiny sovereign principality in Europe, on Tuesday, with the two sides having an “shared interest in tackling climate change and use of ocean resources along with commitment for sustainable growth”. The two sides also discussed economic ties, with an “enhanced investment opportunity for companies from Monaco in various sectors”.
A Joint Press Communiqué issued by the two sides stated, “... Prince Albert II of Monaco paid an official visit to India on February 5, 2019 at the invitation of the Hon’ble President of India. He was accompanied by senior officials of the Monaco government and a large business delegation. ... Prince Albert II held talks with Rashtrapatiji ( President), the Prime Minister and was hosted over lunch by the Hon’ble President on February 5, 2019. External affairs minister also called on him. India and Monaco enjoy very close and multifaceted ties. The visit of ... Prince Albert II of Monaco provided an opportunity for the two sides to review progress in bilateral cooperation and discuss ways to further expand the multi- faceted partnership in areas of mutual interest.”
The joint communiqué further stated, “Economic and technical cooperation are important facets of our existing bilateral relations. It was agreed that India’s rapid economic growth offers an enhanced investment opportunity for companies from Monaco in various sectors. There is also scope for business cooperation. During the discussions, it was agreed that there is a vast potential for establishing linkages especially in the mutually beneficial area of infrastructure development. It was also announced that Diplomatic Visa Waiver will be granted to Monaco for visiting India and the officials from both sides will be working to finalise this Agreement.”