India and Spain are set to raise trade and investment with each other. A Memorandum of Understanding will be agreed upon soon to meet these objectives. This was announced in the Joint Commission for Economic Cooperation held at Madrid on Monday.Minister for Commerce and Industry, Mr Anand Sharma who led the official delegation said that India is one of the most attractive destinations for foreign investment and even at the height of the global economic crisis FDI flows into India did not slacken.Both sides discussed a range of issues including the economic situation and reforms carried out in both the countries; Doha Development agenda; forthcoming G-20 meeting; EU-India FTA; sectoral cooperation in the areas of renewable energy, infrastructure, Tourism, Agriculture, Food Processing, Science & Technology, Banking, Pharmaceuticals, IT and Tele-Communications.Mr Sharma also held bilateral meetings with Minister of Industry, Tourism and Trade Mr. Miguel Sebastian and the second Deputy Prime Minister and Minister for Economy & Finance, France, Ms. Elena Salgado.Stating that the last few years have seen a complete turn around in the way India is perceived by the global community, Mr Sharma said that, India is poised to play a critical role in global economic and geo political issues in times to come.