Our economic cooperation is intensifying, our trade turnover exceeded one billion euros last year, and the biggest Indian companies are making huge investments in Hungary,
Peter Szijjarto said.
He pointed out that Tata Consultancy Services Hungary provides global business management services in 33 languages, the Motherson Group has become one of the world's leading automotive suppliers with factories in several locations in Hungary, and Apollo Tyres also supplies customer demand from Hungary. He also noted that last year, a record number of Indian students applied to study in Hungary, with 2,400 Indian students applying for 200 scholarships.
"Our important task now is to prepare a direct air link to give a new boost to economic cooperation," he added.
In the context of Hungary's EU presidency, he highlighted that negotiations on the free trade agreement between the European Union and India will resume, talks on an investment protection agreement and on the protection of geographical indications will kick off. On Wednesday, the parties agreed to convene a meeting of the EU-India Trade and Technology Council during Hungary's rotating presidency.
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