His Serene Highness Prince Albert II of Monaco paid an official visit to India on February 5, 2019 at the invitation of the Hon'ble President of India. He was accompanied by senior officials of the Monaco government and a large business delegation.
HSH Prince Albert II held talks with Rashtrapatiji, the Prime Minister and was hosted over lunch by the Hon'ble President on February 5, 2019. External Affairs Minister also called on him.
India and Monaco enjoy very close and multi-faceted ties. The visit of HSH Prince Albert II of Monaco provided an opportunity for the two sides to review progress in bilateral cooperation and discuss ways to further expand the multi-faceted partnership in areas of mutual interest.
Economic and technical cooperation are important facets of our existing bilateral relations. It was agreed that India's rapid economic growth offers an enhanced investment opportunity for companies from Monaco in various sectors. There is also scope for business cooperation.
During the discussions, it was agreed that there is a vast potential for establishing linkages especially in the mutually beneficial area of infrastructure development. It was also announced that Diplomatic Visa Waiver will be granted to Monaco for visiting India and the officials from both sides will be working to finalise this Agreement.
India and Monaco have shared interest in tackling climate change and use of ocean resources along with commitment for sustainable growth. The visit also demonstrated willingness of both sides to step up cooperation in the field of renewable energy, urban affairs (including Smart Cities) environment and climate issues.
Source: Ministry of External affairs Gov of India