New Delhi: India has invited investments from Spain in the field of food processing, telecommunications and chemicals.
Spanish firms should take advantage of the conducive business climate in India and invest in areas of food processing, ceramics, telecom and chemicals, Commerce and Industry Minister Kamal Nath said during an interaction with former Spanish Prime Minister Jose Maria Aznan here on Thursday.
Both sides took stock of the progress made by the India-Spain Joint Committee. The 9th meeting of the committee is scheduled to take place in Madrid soon. Presently, the joint working groups are engaged in the area of food processing and tourism, an official release said.
Trade between India and Spain was $3.28 billion in 2007-08 compared to $2.5 billion a year ago. Major items of Indian exports to Spain include readymade garments, marine products, machinery and instruments, transport equipment and electronics while India imports iron and steel, organic chemicals and project goods from Spain.