NEW DELHI: Coinciding with completion of 60 years of diplomatic relations between India and Spain, the tenth edition of Global Business Forum is being held later this week in Madrid by FICCI in partnership with International Indian Film Academy (IIFA) and Spain Chamber of Commerce(SCC).

FICCI President Harshavardhan Neotia is leading a 30-member delegation to the mneet on 24 June 2016.

Department of Industrial Policy and Promotion (DIPP) Additional Secretary & Financial Advisor Subhash Chandra Pandey would represent the Government for promoting regional linkages between India and Spain,.

A large number of Spanish senior officials and industry leaders would also be present and share their perspective on further promoting trade and investment relations between the two countries.

With a view to highlight the sectoral complementarity and business possibilities between the two countries, the forum shall have prominent industry and sectoral leaders to share their perspective during parallel sessions focusing on renewable energy, media and entertainment & promoting cooperation in film making, infrastructure with a special emphasis on urban transport and highways, tourism and smart cities.

A Working Paper on “India-Spain: Synergising Economic complementarity” would also be released apart from FICCI signing a partnership agreement with SCC at the Forum.

Before the commencement of the Global Business Forum, a tripartite agreement between FICCI, Spain Chamber of Commerce and CEOE would be signed to operationalize the Forum in presence of Mr Tulsi Tanti, Chairperson of the India Spain CEOs Forum & Chairman of Suzlon Energy Limited and Mr. Fernando Abril-Martorell, Chairman, Indra Sistemas and Spanish Co-Chair of CEOs Forum on 24 June 2016 morning. FICCI has been assigned by DIPP to extend secretariat support to the recently constituted India-Spain CEOs Forum.

Potential areas of interest for Spanish companies in India are infrastructure (roads, airports, ports, railways), energy (renewable and non-renewable), technology in agriculture, food processing, water desalination/purification, city waste management and tourism there is a huge potential for cooperation from Spain to India. Similarly, for the Indian companies, there is a huge potential for cooperation in the areas of pharmaceuticals (generic medicines) and IT.