Power News We love to talk!

SEP 29 2018

Spain-India trade ties to increase 20% yearly over 5 yrs; lot of potential in renewable energy: Baranano

  • Economic Times, ET Bureau / Hyderabad
  • Created: Sat 29th SEP 2018

 

The Ambassador of Spain to India, Jose R Baranano Friday said he expected his country's bilateral trade with India would increase on an average of 20 per cent every year over the next five years.

 

The bilateral trade between both the countries is around $6 billion presently, he said adding language and distance have been two of the biggest hinderances in regard to the growth of trade ties.  Baranano said there is lot of potential in tourism, education, renewable energy and agriculture sector.

 

"The economic condition across the globe is a bit messy but we hope that over the next five years the trade ties between the two countries would increase on an average of 20 per cent every year" he told reporters.  The ambassador said, "The world market is swiftly shifting from Europe to India, China and other Asian countries".

Tags

Himachal Pradesh BILATERAL Renewable Energy China Energy Europe India Asian Hotels North

Related News

  • Renault plans to make India a hub for electric vehicle components  Read more
  • Brent oil trades near four-day high before Iran nuclear talks  Read more
  • India imports petrol, diesel from China  Read more
  • India plans to expand renewable generation capacity more than three-fold to 175 gigawatts by 2022, with the majority from solar.  Read more
  • ONGC topples RIL to become highest ranked Indian energy firm  Read more
  • New phase of globalisation could worsen CO2 pollution: study  Read more
  • IOC to invest Rs 21,000 crore to upgrade fuel quality  Read more
  • Company of Coal Indias magnitude bound to have labour issues  Read more
  • Shale gas boom helps slash US emissions  Read more
  • A strange way to price gas  Read more