Friday, 02 November 2018 17:14

Spain now keen to increase business relations with India

Rate this item
(1 Vote)

Spain now keen to increase business relations with India. Spain had been largely concentrating on Latin American countries to do business. But now it is keen to strengthen bi-lateral trade relations with India, which it considers as a key market.

Said Ambassador Baranano, “India is a huge market, a market of 1.2 billion people, it has a lot of potential but Spain has not been part of it. Spain’s main focus has been its relation with Latin America. Sixty per cent of our bilateral trade is with Latin America."

"The relation between Spain and India has been superficial because we do not have historical ties. My first job as ambassador is to increase the visibility of Spain; from there we can try and establish other ties," he said. "We have many reliable businesses that India can help grow and vice-versa. The purpose of this session is therefore to make businessmen from India aware of the markets of Spain.”

The Ambassador reminded that Spain has been a popular Indian film shooting and wedding destination, which have given a lot of publicity to the country.  He talked about the 2011 Zoya Akhtar film, ‘Zindegi Na Milegi Dobara’ and the effect it had on the business of Spain.

The ambassador encouraged all small and big business to work with local businesses in Spain which would be mutually beneficial for both the countries.

Vikash Singh of Indian Chamber of Commerce said, “Spain is a very strategically located country. It offers immense opportunity for business. Spain in the seventh largest trade partner of India in the European Union. In 2017-2018, total trade between India and Spain stood at 5658.48 USD."

"Indian exports to Spain comprises of organic chemicals, textiles, iron and steel products, automotive products, marine products and leather goods," Singh said. "Indian imports consist of machine and mechanical goods, vehicles, plastic manufacturers, electrical appliances, rubber and rubber products and olive and olive oil. There are many Spanish companies in India. including automotives. This shows that there is a steady business between India and Spain and this session would further help it grow.”

Sunil Kanoria, Honorary Consul of Spain, talked about the cultural similarities between the countries and his experience in Spain as a visitor. He also emphasized on the immense business opportunities in Spain.


From edando, the only B2B platform between India and Spain, we help our clients to establish contact between the two countries and allow a business regardless of borderlines. In addition, one of our main proposals is the search of solutions to problems which companies can present, with the personal attention as one of our hallmarks.



Last modified on Friday, 02 November 2018 17:24

Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.