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

  • Nuke power boost gets a step closer  Read more
  • Tesla's low-cost renewable battery could revolutionise Africa's energy supply  Read more
  • Government planning special policy to boost hydel power generation: Piyush Goyal  Read more
  • Canadas SkyPower signs four pacts with Telangana govt to build 200 MW solar projects  Read more
  • Hartek Power bags GIS substation order in Haryana  Read more
  • Oil Indias 10% Stake Sale Marked to Market for Jan 15  Read more
  • Pradhan: Oil diplomacy has seen paradigm shift in new govt  Read more
  • Tackling climate change is tough, but also a huge business opportunity  Read more
  • ONGC says completion of projects in KG Basin fields may get delayed  Read more
  • Will environment be an election issue in UP this poll season?  Read more