Published: Fri, June 02, 2017
Life&Culture | By Kristin Armstrong

Narendra Modi to meet Vladimir Putin today, nuclear power deal in focus

Narendra Modi to meet Vladimir Putin today, nuclear power deal in focus

In a bid to boost India-Spain business and investment ties, Prime Minister Narendra Modi interacted with CEOs of leading Spanish companies here on Wednesday, inviting them to invest in India and benefit from the huge potential that awaits them in the country.

Some 60 Indian CEOs are attending the summit, and India has also set up a "Make in India" pavilion in addition to hosting round tables and an exclusive India-Eurasia economic and business breakfast.

PM Modi will be on a three-day visit to St Petersburg in Russian Federation beginning May 31 to June 02.

Prime Minister Modi was on a two-day state visit to Spain. But when Prime Minister Narendra Modi met Vladimir Putin he stuck a very personal chord when he recalled how the Russian Presidents brother was among several family members who had laid down their lives for the country. The deal between the two countries was to be signed by 2016 but a line of credit that was extended by India to Russian Federation obstructed the process.

The last two units of Kudankulam plant are expected to be built in collaboration with a Russian company.

In his speech, Rajoy praised the Indian Prime Minister for the "broad raft of economic reforms" he is pushing through in his country to ensure "good governance" and "a more developed and knowledge-based economy".

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Trade between the two nations stands at Dollars 7.8 billion, down from USD 10 billion in 2014.

Modi would also call on King Felipe VI of Spain as well as have a discussion with leading Spanish businessmen and leaders.

Modi mentioned to Putin about his visit to the cemetery this morning where he paid homage to the victims of the World War II.

India has been celebrating the 70 years of friendly relations by holding film shows, cultural events, seminars, exhibitions, conferences, interactions between universities and media exchanges. They have withstood the test of time, and grown from strength to strength.

"There are synergies between the experience and priorities of both countries and numerous possibilities for additional investments", Modi said.

Modi recalled that it was the Soviet Union that helped India establish industrial potential. We are opening new areas of cooperation in the energy sector, telecommunications and science and technology.

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