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"INDIA-SPAIN: Synergizing Economic Complementarity" a Working Paper
July 2016 | Europe
This year marked the completion of 60 years of diplomatic relations between India and Spain. Over the past two years, emerging global economic imperatives have directly impacted the way India and Spain have been engaging with each other. There is a gradual but certain qualitative shift towards widening and deepening economic engagement.
Spain is India´s 7th largest trading partner in the European Union and the 12th largest investor in India. We believe that this is just a fraction of what is achievable for the dynamic private sector in India and Spain, supported by an enabling policy environment on either side.
Spanish expertise is of direct relevance to the present Indian government's developmental goals: Possibilities for cooperation are immense in infrastructure, Make in India campaign and Smart Cities initiative. The window to provide solutions for sustainable growth including renewable energy, water treatment and clean tech has led Spanish companies to look afresh at India as their "Next and immediate destination" to deploy their technological brilliance.
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