With Portugal and Spain fast crafting a new chapter in their economic growth story, FICCI, in order to tap into the technical and economic vibrancy and to extend renewed impetus to India’s trade and economic relations with Portugal & Spain, is organising a business delegation to Lisbon, Porto, Madrid and Barcelona from November 25-30, 2018.
The delegation would have a focus on
- Auto & auto components
- Agriculture & food processing
- Construction & building material
- Hospitality & tourism
- Hi-tech manufacturing
- IT & ITES
- Life sciences
- Renewable energy
- Textiles & footwear
- Leather and leather products
- Urban transport and infrastructure
- Waste and water management
- Plastic and industry moulds
The planned visit would extend an ideal opportunity for the Indian businesses to interact with policy makers and business leaders in these countries.
- India-Portugal relations have been traditionally warm and friendly. During the years, Portugal and India have strengthened relationships and currently have the following agreements like Investment Protection and Promotion agreement; Agreement to prevent double taxation, Agreement to Economic and Industrial cooperation, MoU’s in Renewable, Agriculture, Defense and IT.
- Located on the Atlantic side of the Iberian Peninsula, next to Spain, and with 943km of coastline, Portugal is strategically positioned between Europe, Africa and America.
- World Bank’s Doing Business 2017 report ranks Portugal at No. 25 in ease of doing business and No.19 in enforcing contracts, out of a total of 190 countries.
- The strong economic relations and cultural ties between Portuguese-speaking countries reinforce the importance of Portugal as a point of entrance to the Portuguese-speaking geographies and markets.
- India’s exports to Portugal increased to USD 747.33 Million in 2017-18 compared to USD 669.66 Million in 2016-17 with growth of more than 11 %.
- Spain is 5th largest economy in European Union and India´s 7th largest trading partner in the European Union.
- India’s exports to Spain increased to USD 3996.76 Million in 2017-18 compared to USD 3426.13 Million in 2016-17 with growth of more than 16 %.
- India´s top exports to Spain are textiles, automobiles, chemicals, iron & steel, seafood and leather.
To meet the organising expenses such as booking of venues for B2B Meetings, a delegation fee of INR 50,000 + taxes per person shall be charged.