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Mr. Nath: lots to learn from Hungary
Jan '08
Mr. Ferenc Gyurcsany, Prime Minister of the Republic of Hungary, said that “Hungary provides more opportunity than other regions in the European region”.

He was speaking at a luncheon session “Regional Integration: The EU experience for Inclusive Growth” at the Partnership Summit 2008.

Recognising the importance of mutual cooperation, he called on the Indian industry to seek opportunities through cultural and scientific cooperation.

Mr. Kamal Nath, Minister of Commerce and Industry, Government of India, emphasized the role of Hungary as an active member of the European Union.

He stated that “There is lots to learn from Hungary, with its inclusivity driven by trade and investment”. Further, he cited the example of economic integration of the European Union which has got tremendous natural synergies, driving its growth.

Speaking about the unique situation in trade and investment for India and Hungary, Mr. Abel Garamhegyi, State Secretary of the Ministry of Economy and Transport, Hungary, suggested Hungary as a gateway to the European Union market. Both the countries are not competing and by doing businesses together, best value for money can be derived

In the welcome address, Mr Sunil Bharti Mittal, President, CII, and Chairman and Group CEO, Bharti Enterprises, outlined the shared values between India and Hungary.

He pointed to the present low level of total trade between the two countries at $200 million, and estimated that this will double by the year 2010.

He said that inspite being a small country, Hungary can be a gateway to the European Union market and this can be achieved by enhancing cooperation in trade and investment

Confederation of Indian Industry

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