India should look upto Spain to develop its infrastructural sector says Mr. Jose Manuel Vilarino Anca

“The Spanish economy possesses a competent infrastructural and logistics sector. India intending to invest US$ 1 trillion in infrastructure may collaborate with the Spanish economy to develop the sector”, said Mr. Jose Manuel Vilarino Anca, President, Autridad Port de Ferrol, Spain during an interactive meeting organised by MVIRDC World Trade Centre Mumbai and All India Association of Industries with a business delegation from Spain. As the Spanish economy depicts revival from the European crisis of 2008 it holds bright prospects for Indian entrepreneurs, he added.

Inviting Indian investments into the Spanish economy Mr. Jose Manuel Vilarino Anca said that the nation holds proficient infrastructural status in the form of industrial land and well developed port capacity. The Ferrol Port is a gateway to the huge consumption markets of the European Union. Spain is home of skilled and cost-competent labour force. Also, the Government encourages foreign investments into the economy with easy availability of loans, subsidies on its tax structure and various other incentives, he said.

Earlier in his welcome remarks Mr. Vijay Kalantri, President, All India Association of Industries and Vice-Chairman, MVIRDC World Trade Centre Mumbai said the bilateral trade between India and Spain stands at US $4.7bn with India’s exports worth US $2.9bn while Spanish exports worth $1.8bn. Indian exports to Spain include organic chemicals, textile and garments, Iron and steel products, automotive components, marine products, leather goods. Indian imports consist of machine and mechanical appliances, vehicles and automobiles, plastic manufactures, electrical appliances, rubber and rubber products and olive oil, etc. We intend to foster greater ties with bilateral trade worth US$ 6 bn by 2015, he said.

Further business meetings from the sectors of defence, automotive, energy, ship building, logistics, industrial machinery were held.

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From L-R: Mr. Vijay Kalantri, President, All India Association of Industries and Vice-Chairman, MVIRDC World Trade Centre Mumbai, Ms Rupa Naik, Executive Director, All India Association of Industries, Mr. Jose Manuel Vilarino Anca, President, Autridad Port de Ferrol, Spain and Mr. Julio Hernandez, Development Manager, Autridad Port de Ferrol, Spain during an interactive meeting organised by MVIRDC World Trade Centre Mumbai and All India Association of Industries with a business delegation from Spain.

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