Czech firms to establish new ties with Indian companies

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HumaSiddiqui: New Delhi, Mar 07 2013, 13:26 IST
For the first time ever a powerful business delegation comprising of 80 prominent Czech companies – from sector of engineering (Vítkovice), transportation (AŽD, Škoda Transportation, Bonatrans), energy (FANS) etc., which are bidding for large industrial projects in India – will be visiting the country next week.

Led by Minister of Industry and Trade of the Czech Republic Martin Kuba, they will meet several ministers and business representatives and inaugurate Czech-India business forums during the visit between March 11 – 15.

This visit is aimed to boost the new generation of bilateral Czech – Indian business ties and to establish a new collaboration among the private sectors.

Mr Kuba will also be accompanied by a Member of Parliament, officials from from the Ministry of Transportation and representatives of main Czech associations (such as engineering or electrotechnical association) and top-level dignitaries from government institutions who are eager to negotiate deepening of the cooperation with the promising Indian economy, such as Czech Export Bank, Export Guarantee and Insurance Company or Czech Invest, which is going to sign a MoU with its counterpart Invest India for future cooperation.

In Mumbai the visiting minister will inaugurate together with Commerce Minister Anand Sharma the “India Engineering Sourcing Show” (IESS) 2013, where the Czech Republic is a partner country this year.

Besides visiting the Skoda Auto plant in Aurangabad, in Delhi, Kuba will meet other ministers covering a vast portfolio of bilateral interest, such as the area of heavy industry, steel, coal, petroleum, civil aviation, water

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