India-Spain to expand bilateral cooperation in e-mobility and clean tech
Prime Minister Narendra Modi has invited Spain to invest in various sectors including Green Hydrogen, infrastructure and defence manufacturing and further take advantage of India’s National Infrastructure Pipeline, Asset Monetization Plan and the Gati Shakti Plan. He made the offer during meeting with Spanish counterpart Pedro Sanchez on the sidelines of the G20 Summit in Rome on 31 October 2021.
Both leaders welcomed the growing bilateral trade and investment linkages including the recently signed contract to procure 56 C295 aircrafts from Airbus Spain, 40 of which will be ‘Made in India’ in collaboration with Tata Advanced Systems.
Airbus Defence and Space will deliver the first 16 aircraft in ‘fly-away’ condition from its Spanish facility in Seville over four years to the Indian Air Force (IAF). The 10-year contract deliveries are to be completed by 2031.
They agreed to further expand bilateral cooperation in new areas like e-mobility, clean tech, advanced materials and deep sea exploration.
Modi and Sanchez also discussed India-EU relations as well as cooperation on climate action and priorities at upcoming COP26 and exchanged views on regional and global issues of mutual interest including Afghanistan and the Indo-Pacific.
Prime Minister Modi looks forward to welcoming Sanchez in India next year, said a release from The Prime Minister’s Office. #investment #technology #economy /fiinews.com
