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FICCI delegation to join FICCI–IIFA Global Business Forum 2016 in Madrid

MUMBAI: Coinciding with the completion of 60 years of Indo–Spain diplomatic relations, FICCI, in partnership with the International Indian Film Academy (IIFA) and the Spain Chamber of Commerce (SCC), is organizing the 10th edition of Global Business Forum on 24 June, in Madrid.

FICCI president Harshavardhan Neotia will be leading a 30-member delegation of senior Indian industry representatives to join the initiative. To promote regional linkages between India and Spain, Department of Industrial Policy & Promotion (DIPP) additional secretary and financial advisor Dr Subhash Chandra Pandey would also be attending and addressing the forum.

A number of senior Spanish 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 highlighting sectoral complementarity and business possibilities between the two countries, prominent industry and sectoral leaders will share their perspective during parallel sessions focusing on renewable energy, media and entertainment, and promoting cooperation in film-making and infrastructure, with a special emphasis on urban transport and highways, tourism and smart cities.

A working paper on ‘India-Spain: Synergising Economic complementarity’ would 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 operationalise the forum in the presence of India–Spain CEOs Forum chair and Suzlon Energy Ltd chair Tulsi Tanti and Indra Sistemas chair and Spanish co-chair of CEOs Forum Fernando Abril-Martorell on 24 June 2016 morning.

Potential areas of interest for Spanish companies in India are infrastructure, energy (renewable and non-renewable), technology in agriculture, food processing, water desalination/purification, city waste management and tourism. For Indian companies, there is a huge potential for co-operation in the areas of pharmaceuticals (generic medicines) and IT.