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Indo-Greek bilateral trade to double by 2010
Jan '08
Shri Kamal Nath, Union Minister of Commerce and Industry, has stated that bilateral trade in the services sector holds great promise, as India is emerging as a global services provider especially in the information technology and software sector.

While addressing at the Luncheon Meeting with the Prime Minister of Greece, Mr. Kostas Karamanlis, the Minister stated that bilateral investment flows have seen an uptrend and major Indian IT companies like Infosys, TCS already have a presence in Greece.

Similarly, Greek companies such as Eurodyn, Pisani Group MJ Mailis, have invested in India, he added. The Foreign Affairs Minister of Greece, senior officials from both the sides besides a business delegation was present on the occasion.

The Minister mentioned about the agreement on Cooperation in Science & Technology signed during the visit of the President of India to Greece in April 2007 and hoped that it will provide a basis for greater engagement in innovative areas and lay the foundation for enhanced cooperation.

During the meeting, the Prime Minister of Greece, stated that, “our bilateral trade volume keeps up a steady growth. Nevertheless, we firmly believe that it remains beneath the two countries potential and can be further developed and diversified.

The target to double the volume of our bilateral trade by 2010, seems attainable and viable”. He added that Greek economy is being transformed into a more dynamic, more open andmore competitive economy….

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