Doing Business with Basque- Spain

Jul 16, 2018

“Basque Region of Spain is very well developed in terms of industries, tourism as well sun rise sectors such as solar energy and IT. The region have as many as 70 companies are operating in India and doing all of extremely good business”, said Mr. Mikel Romeo Trade and Investment Advisor of SPRI, an agency of Basque Government in Mumbai. Mr. Romeo was speaking at the seminar and interactive session organised by WTC Navi Mumbai on “Doing Business with Basque- Spain” on 12th July 2018. More than 60 exporters, importers, industry representatives and startups participated in the seminar.
Basque is a region in the northern part of Spain which includes one of the major Spanish cities, Bilbao. Its the fifth largest regional economy in Spain which accounts for approximately 7% of the national GDP. It also boasts a better credit rating than the Spanish Government itself. The major business industries of the Basque region are tourism and robotics industry. It is also one of the worlds top manufacturer of solar panels. SPRI India is an organisation which represents the Basque Government in India. They constantly undertake activities to promote trade and build better relationship between India and Basque region.
The Guests of Honour and Speakers for the seminar included Mr. Mikel Romeo, Mr. Hemant Agrawal, the Director of SPRI India for India and Mr. Bhaskar Dastidar, CEO of Global Expo. Also present was Ms. Idoia Azpillaga, a representative from SPRI India.
Mr. Mikel discussed about the economy of the Basque region in general and also the various opportunities Indian businesses can look forward to, within the Basque region. Mr. Agrawal provided additional information and details about the Basque region and also stated about SPRI India and how it helps investors and businesses to build a better relationship with Spanish counterparts and conduct business more efficiently. Mr. Dastidar gave a brief introduction about the economy of Spain and also the bilateral agreements between India and Spain.
Mr. Jayant Ghate, Advisor to WTC Navi Mumbai, while welcoming the participants provided details of how WTC’s can help in getting buyers for export from India. He mentioned about the WTCs operating in Spain and how they can assist Indian businesses especially the members of WTCs.
The seminar provided networking opportunities where the businesses could meet the Basque representatives to gain further knowledge and get appropriate tips and guidance.