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Monday, 2 February 2015

Spain, India hold talks on cooperation in railway sector

 

Spain is keen to partner with India in the railways sector, particularly high-speed rail category, Minister of State for Commerce Jaime Garcia Legaz said in New Delhi on Monday

“We had a meeting with the Railway Board of India, and the meeting was successful. We feel that cooperation in the railways sector is important for our two nations,” the Minister said, stressing on cooperation in high-speed train network.

“Spain has the second largest high speed train network in the world after China and the gap is closing fast,” he added.

The Minister, speaking at a CII conference, said other areas of interest for Spanish companies to invest in India were renewable energy and construction of highways.

“With almost 25 per cent of our energy coming from renewable sources, Spain has the highest percentage of renewable energy in Europe. We are eager to have India also increase its renewable energy production,” Mr. Legaz said.

Mr. Legaz also confirmed that the delegation would meet Union Urban Development Minister M. Venkaiah Naidu to discuss the Smart Cities project.

“We are going to meet him tomorrow. The ‘Smart Cities’ project is one of the key areas of expertise, and Barcelona is one such example of the ‘Smart Cities’ project,” he added.

He said investment of Spanish companies in India stands at about 4 billion euro.

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