India encourages Spanish companies to invest in key sectors of its economy

Breakfast briefing organized by Executive Forum and Abertis

The Indian ambassador is referring to his country's growth prospects in the coming years.

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El Indian ambassador to Spain, Bala Venkatesh Varm, has participated in an informative breakfast organized by Executive Forum and Abertis. During the meeting, which took place in the Palace Hotel MadridThe diplomat referred to the investment opportunities that your country presents for the Spanish companies.

 

The Director of Institutional Relations and Corporate Social Responsibility at Abertis, Sergi Loughney Castells, has opened the event. His company landed in the indian market Last March, with the purchase of two highways, an operation considered the start of the construction of its "growth platform" in Asia. In this regard, Loughney has stated that in Abertis “We believe in India, that it is a country to be in and to grow in,” and he added that “we believe in its legal security.”

 

The ambassador then began his speech by thanking the Spanish companies that are already present in your country, such as Abertis, Talgo or Indra. Thus, he has encouraged them to continue betting on India as an investment destination, since, as he explained, its economy has emerged stronger from the international crisis and has promising growth prospects, while also noting that the Indian population is one of the youngest in the world.

 

 

Abertis has just entered the Indian market with the purchase of two highways

 

 

Regarding the recent government reforms undertaken by the Indian executive, Bala Venkatesh Varm He commented that the new legal framework also fosters interesting business opportunities for the foreign companiesIn this regard, the ambassador highlighted several key sectors due to their rapid and robust growth. Among these, he emphasized infrastructure, energy, defense, automotive, banking, and smart cities.

 

With regard to the latter, above all, he has praised the level of experience and knowledge of the Spanish companies in the development of smart cities, remembering how necessary they are in their own country as well.

 

Finally, the diplomat expressed his embassy's willingness to provide advice and guidance to all Spanish companies interested in his country. Furthermore, he noted that “Spain India and India are very similar in many ways.”