Spain

At the 4th International Conference on Financing for Development (FFD4) in Seville, Spain, India’s Finance Minister Nirmala Sitharaman delivered a compelling call for transformative reforms in the global financial architecture. She advocated for inclusive multilateral development bank (MDB) reforms, fairer credit rating practices, enhanced climate finance, and a reversal of declining Official Development Assistance (ODA). Stressing the need for a predictable and concessional climate finance mechanism, she underscored sovereign debt as a structural impediment to sustainable growth.

In a landmark move, Gujarat Co-operative Milk Marketing Federation Ltd (Amul) has partnered with Spain's renowned dairy cooperative, COVAP, to introduce Amul Milk in Spain and across the European Union. The partnership will initially launch in major Spanish cities such as Madrid and Barcelona, with plans for further expansion across Europe. This collaboration not only marks Amul’s first entry into the European market but also underscores the global reach of Indian cooperatives.