India and Spain on Friday signed a memorandum of understanding under which they will encourage collaboration between their defence industries and exchange of personnel.
The MoU was signed by Defence Minister A.K. Antony and his Spanish counterpart Pedro Morenés Eulate here, said an External Affairs Ministry statement.
The two sides agreed to exchange defence-related experience and information, and encourage visits of personnel and collaboration in the defence industry and similar areas 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 Rs. 50,000 crore.
Its defence firms such as INDRA are doing business with the Indian armed forces in the areas of radar and communication.
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.
