India and Spain join hands for defence cooperation

Image
Press Trust of India New Delhi
Last Updated : Mar 05 2015 | 4:53 PM IST
India and Spain today signed an agreement on 'Mutual Protection of Classified Information' to provide the framework for enhanced cooperation in the defence sector.

The agreement was signed following an hour long meeting between visiting Spanish Defence minister Pedro Moremes and his Indian counterpart Manohar Parrikar, defence sources said.

The Spanish delegation evinced a clean interest in participating in the Make-in-India initiative of the government in the defence sector, they said.

Explaining the agreement signed, sources said that this is the primary pact that a country agrees to before embarking on deeper talks on defence cooperation.

They said that the Spanish side was interested and "enamoured" by the Make-in-India initiative and raised a number of questions on the opportunity ahead.

Spain has over the years acquired expertise in various fields of the defence sector.

Sources said Spanish companies are interested in being part of the P75I, a project under which India plans to build six conventional submarines.

Both sides also agreed to work on enhancing bilateral defence cooperation.

The Spanish Defence minister had last arrived in India in 2012 as part of the delegation led by the King of Spain. This is his first stand-alone visit as the defence minister to India. However, Moremes has visited India a number of times for trekking and mountaineering.


*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 04 2015 | 10:42 PM IST

Next Story