PM Modi's Maiden Visit To Spain: We Must Have Closer Economic Ties

Andrew Cummings
June 1, 2017

Prime Minister Narendra Modi called on Spanish King Felipe VI at the royal palace here on Wednesday.

Chancellor Angela Merkel said on Tuesday that Germany wanted to develop its ties with India, but said this should not be at the cost of its trans-Atlantic relationship.

Following a grand celebration on completion of Modi government's 3 years at the centre, the PM will tour France, Spain and Russian Federation this week.

"The bonds of a fruitful partnership".

Spain, the summer holiday destination of Europe, in a recent government report said that the Islamic State group "has been publishing in Spanish, which means an increase in the risk of its influence on radicals living in our country".

Europe needs to step up its presence on the worldwide stage, for example by bringing about solutions to issues such as the Libya conflict, migration and economic problems including unemployment, she said.

India and Spain on Wednesday committed to cooperate in the fight against terrorism calling it the gravest threat to worldwide peace and stability. "Europe must play a lead role in developing an effective global response under the aegis of the United Nations to deal with this menace".

The Prime Minister said foreign investment from Germany to India is rising, especially for the Make in India initiative.

Britain, which is set to leave the European Union by 2019, wants to boost trade with India, which is meanwhile also trying to revive stalled, decade-old trade talks with the EU. "We are committed to provide a supportive business ecosystem to those who join us in our growth story", he said.

Rajoy welcomed the efforts of India to provide a positive business environment for foreign companies and to further worldwide investment, for which, adequate protection of investments and legal certainty are instrumental. There is strong commitment from the leadership on both sides to strengthen economic relations. Cooperation in the railways sector, in air transport, the road network and in the field of information technology is also very important, he added.

In reference to Germany as the host of the G20 summit in Hamburg in July, the PM offered India's full support for a successful outcome.

It stated that both leaders discussed the challenges present in cyberspace and committed to further their dialogue, both bilaterally, and through a closer coordination in the worldwide fora.

He arrived in Spain late May 30 from Germany.

The two countries signed agreements in the fields of industry, science and research, and education.

Later, Modi called on President Frank-Walter Steinmeier at the Bellevue Castle in the German capital before departing for Spain.

Modi complimented Rajoy on the turnaround and growth of the Spanish economy and the good prospects in the coming years and the transformation of Spain into an open, competitive, export and quality oriented economy.

Other reports by iNewsToday