India and Spain have agreed to advance technical discussions on linking India’s Unified Payments Interface (UPI) with Spain’s Bizum digital funds platform, the Commerce Ministry mentioned on Sunday.
The two international locations additionally mentioned strengthening funding facilitation, bettering the mobility of execs and selling joint investments in Latin America, whereas leveraging Spain’s place as India’s gateway to Europe and Latin America to increase bilateral enterprise alternatives.
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The discussions befell throughout Commerce and Industry Minister Piyush Goyal’s current go to to Spain.
The ministry mentioned each side had agreed to advance technical discussions on interoperability between India’s UPI and Spain’s Bizum digital funds platform.
The two international locations additionally recognized important alternatives in vehicles, prescription drugs, chemical substances, textiles, renewable vitality, tourism and infrastructure.
During his go to to Brussels, Goyal additionally raised the difficulty of itemizing Indian ship recycling yards.
He additionally proposed launching an India-EU dialogue on expertise, training and expertise mobility.
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The ministry mentioned discussions additionally lined negotiations on the Investment Protection Agreement and the Geographical Indications Agreement, cooperation on the Carbon Border Adjustment Mechanism (CBAM), regulatory simplification, market entry for agricultural merchandise, responsibility derogation on Basmati rice and metal scrap.
The ministry mentioned Goyal additionally met executives from KONE and Nokia, urging each firms to increase manufacturing, analysis and growth, exports and digital infrastructure investments in India.
(With PTI Inputs.)
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