Prime Minister Modi welcomes more Spanish investments in India during talks with PM Sanchez in Italy

Prime Minister Modi welcomes more Spanish financial investments in India throughout talks with PM Sanchez in Italy


ROME: Prime Minister Narendra Modi on Sunday welcomed more financial investments from Spain in India’s facilities jobs as he satisfied his Spanish counterpart Pedro Sanchez on the sidelines of the G20 summit here and exchanged views on regional and global issues of mutual interest, consisting of the situation in Afghanistan and the Indo-Pacific.
Modi, who is here at the invite of his Italian counterpart Mario Draghi to go to the G20 summit, was accompanied by National Security Advisor Ajit Doval and External Affairs Minister S Jaishankar during his meeting with Sanchez.
The two leaders welcomed the growing bilateral trade and financial investment linkages consisting of the current finalizing of the agreement to procure 56 C295 airplane from Jet Spain, 40 of which will be ‘Made in India’ in cooperation with Tata Advanced Systems, the Ministry of External Affairs stated in a press release.
The two leaders concurred to further broaden bilateral cooperation in new locations like e-mobility, tidy tech, advanced materials and deep sea expedition.
Prime Minister Modi welcomed Spain to buy various sectors consisting of Green Hydrogen, infrastructure and defence production and even more benefit from India’s National Facilities Pipeline, Property Monetisation Plan and the Gati Shakti Strategy, the release stated.
The 2 leaders went over India-European Union relations along with cooperation on climate action and top priorities at upcoming COP26 summit in Glasgow. They likewise exchanged views on local and worldwide issues of mutual interest including Afghanistan and the Indo-Pacific, it stated.
India has actually voiced concern over the scenario in Afghanistan after the Taliban seized power in Kabul in August. India has highlighted the requirement for Afghanistan’s area not to be utilized to threaten or attack any country or to shelter or train terrorists, or to strategy or to fund terrorist attacks.
India, the US and numerous other world powers have been speaking about the need to guarantee a free, open and growing Indo-Pacific in the backdrop of China’s increasing military manoeuvring in the resource-rich region.
Modi also said he looks forward to inviting Prime Minister Sanchez in India next year.
Earlier, the Prime Minister’s Office tweeted that both leaders had worthwhile talks on methods to deepen ties between India and Spain.
“The 2 nations are working together extensively in locations such as trade, energy, development and more,” it said.
Ministry of External Affairs Representative Arindam Bagchi said that Prime Minister Modi welcomed Spain to purchase numerous sectors in India consisting of green hydrogen, infrastructure and defence production.
On the sidelines of the G20 top, Prime Minister Modi engaged with several world leaders, including US President Joe Biden, British Prime Minister Boris Johnson, French President Emmanuel Macron, Canadian Prime Minister Justin Trudeau, Singapore Prime Minister Lee Hsien Loong and South Korean President Moon Jae-in among others.
Italy has actually been holding the presidency of the G20 considering that December in 2015.

Published at Sun, 31 Oct 2021 16:00:00 -0500