The Union Cabinet chaired by the Prime Minister Narendra Modi has been apprised of the Memorandum of Understanding (MoU) between India and Spain regarding the India-Spain Cooperation in renewable energy. The MoU was signed on May 30, 2017 in Spain.
The MoU will help in strengthening bilateral cooperation between the two countries with the exchange of expertise and networking of information. Both sides aim to establish the basis for a cooperative institutional relationship in order to encourage and promote technical bilateral cooperation on new and renewable energy issues on the basis of mutual benefit equality and reciprocity. The MoU envisages to establish a Joint Working Committee to review, monitor and discuss matters relating to areas of cooperation.