The Forum will offer a unique opportunity to become familiar with the two countries’ energy sectors and will be attended by business and institutional representatives
The II Spain India Forum will be unique opportunity to initiate dialogue focused on the energy sector, and will be attended by keybusiness and institutional representatives as well as experts from the two countries. The Forum, entitled "Re-energizing our Strategic Ties", will take place in Madrid on November 16 and will be organised by the Spain India Council Foundation and the Confederation of Indian Industry (CII).
The use and development of renewable energies in India is a priority for Narendra Modi's Government. India is determined to overhaul its energy production model, which is currently based on thermal power stations, and has committed to ensuring that 40% of the energy generated in the country comes from non-fossil fuels by 2032.
Spanish companies are world leaders in renewable energies. The contracts awarded to them all over the world and their substantial efforts in R&D have afforded them a significant global advantage.
The Spain India Forum is therefore an ideal framework to look at these two sectors side by side and initiate dialogue between the two delegations to foster mutual understanding, forge new connections and create broader, denser business and cooperation networks.
At four sessions, structured around concepts such as energy policy, advances in research and industry challenges, the participants will be able to draw clear conclusions regarding the opportunities for the two countries.
There will also be an opportunity to discuss the current status of bilateral relations, followingthecelebrationof the 60th anniversary of diplomatic relations and the Indian Premier's official visit to Spain in May.
During the visit, SICF's Secretary General had a unique chance to participate in a private meeting with Narendra Modi together with a select group of Spanish entrepreneurs, including several SICF patrons. Modi expressed his complete support for the work of the Foundation and its patrons, emphasising his interest in SICF's work.
The Spain India Forum will take place in Madrid City Hall and is backed by the Ministry of External Affairs, the Ministry of Energy, Tourism and Digital Agenda, Madrid's City Council and the Chamber of Commerce of Spain.