India, Spain Signed Agreement on Defence Cooperation

India and Spain on 26 October 2012 signed a memorandum of understanding under which they are going to encourage collaboration between their defence industries and exchange of personnel.
 
The MoU was signed by Indian Defence Minister A.K. Antony and his Spanish counterpart Pedro Morenés Eulate in New Delhi.
Both the Countries agreed to exchange defence-related experience and information, and will encourage visits of personnel and collaboration in the defence industry and similar areas of cooperation.
 
Also in another gesture of Cooperation Spanish firm Navantia is planning to offer its S-80 diesel electric submarine for the Indian Navy's Project 75-India, under which it plans to procure six large conventional submarines at a cost of more than 50000 crore of Rupees.

The MoU on defence was among the five pacts signed after comprehensive talks between Prime Minister Manmohan Singh and the visiting King Juan Carlos I on bilateral, regional and international issues.
 
Other pacts signed are included as under:

• A protocol for amending the over 19-year-old double taxation avoidance pact to check tax evasion,
• A MoU in the roads and road transport sector, aimed at promoting efficient and environmentally sustainable transport systems.
• A pact to promote and facilitate co-production of films which includes feature films, documentary and animation films.