Modi invites Spanish industry to invest in India

Marsha Scott
June 2, 2017

Prime Minister Narendra Modi today invited Spanish firms to invest in India which offers "many opportunities" for them in various fields as the two countries signed seven agreements and vowed to strengthen their cooperation in the fight against terrorism.

"Thank you Germany! My visit has led to very positive outcomes in terms of furthering the close ties India and Germany enjoy", Modi said in his goodbye message as he left for Spain on the second leg of his four-nation tour which will then cover Russian Federation and end in France. At the summit tomorrow, "the leaders will take stock of the current relationship and discuss a blueprint for a vision of the future", he said. The Indian PM, who is now on a four-nation tour to Europe, arrived in Russian Federation from Spain on Wednesday.

Modi said the visit was aimed at improving economic and cultural relations. "#YogaDay", he tweeted. PM Modi also shared a video showing people praying ahead of performing the Yoga.

Modi told the forum that economic collaboration between Germany and India was still "below full potential".

Two-way trade totalled 4.72 billion euros ($5.27 billion) in 2016, an 8.5 percent increase over the previous year, of which Spanish exports made up almost 1.26 billion euros.

Modi also had appointments later to meet King Felipe VI and then a group of Spanish business representatives.

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Meeting with the President of Spain Mariano Rajoy, PM Modi said "Terrorism is a challenge for all of our societies, we get to hear a lot about terror attacks these days".

In the run-up to the International Yoga Day on June 21, Prime Minister Narendra Modi on Thursday in a series of tweets appreciated the practice of yoga, calling it an "integrating" force.

According to the joint statement, the CEOs expressed strong support for the economic reforms in India and highlighted their keen interest to participate actively in flagship programmes like Make in India, Smart Cities, Digital India, Swachh Bharat, Start-up India and Skill India. "We have had discussions with many countries on the grounds, but Russia has emerged as the only country with which we have successful collaborated in the atomic power sector which is the flagship of the Indo-Russian economic cooperation".

The prime minister will be in Paris on 2 and 3 June where he will hold official talks with newly elected French President Emmanuel Macron with a view to further strengthening India-France strategic ties.

But at the same time, Putin sidestepped a question on Kashmir, and said "it is up to you" to assess whether Pakistan is fuelling terrorism in the Indian state.

Other reports by MaliBehiribAe

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