India, Portugal sign 11 pacts

Lisbon, June 24 

India and Portugal today announced a 4 million euros joint fund to bolster research in science and technology as Prime Minister Narendra Modi held in-depth talks with his Portuguese counterpart on cooperation in areas like counter-terrorism, space and climate studies.

In a joint address to the media after the signing of 11 bilateral agreements, Modi and his counterpart Antonio Costa said the two countries have made substantial progress in their relations in the past six months.

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The agreements included cooperation in outer space, double taxation avoidance, nanotechnology, improving cultural ties, youth and sports, higher education and scientific research, and Portugal-India business hub and Indian Chamber of Commerce. “The Portuguese economic rebound and strong Indian growth offer excellent opportunities for us to grow together,” Modi, the first India PM in Portugal on a bilateral visit, said. Modi also announced setting up of a joint science and technology fund of 4 million euros.

Modi will arrive in Washington DC tomorrow on a two-day US visit. Modi and President Donald Trump’s meet on June 26 will be watched closely back home and its outcome will determine the future trajectory of this very important relationship.

On his way back to India, the PM will stop over in the Netherlands on June 27 where he will meet Dutch Prime Minister Mark Rutte and call on King Willem-Alexander.