Commerce and Industry Minister Suresh Prabhu on Monday said that huge scope exists between businesses of India and the European country of Monaco to boost cooperation in the services sector and high-end technologies.

Prabhu said India and Monaco can jointly work together in developing technologies to mitigate environmental concerns.

Prince of Monaco, Albert II was leading the business delagation from Monaca.

A partnership agreement was signed between industry chamber FICCI and Monaco Economic Board to strengthen the institutional relations between the countries for further increasing trade and economic relations.