Friday, 25 April 2014

Czech firms negotiate contracts worth CZK 7.9bn in India

19 March 2013

Prague, March 18 (CTK) - Representatives of Czech firms negotiated contracts worth almost $400m (Kc7.9bn) with Indian partners during a recent visit of Czech Industry and Trade Minister Martin Kuba to India, Czech Economic Chamber spokeswoman Lenka Vodna told CTK Monday.

The business delegation comprising 30 representatives of Czech companies visited India and Bangladesh together with Kuba last week.

At the end of this year, Prime Minister Petr Necas is to visit India as well, Industry and Trade Minister spokeswoman Veronika Forejtova said.

The Economic Chamber signed a memorandum of cooperation with organisation EEPC India, set up by the Indian Ministry of Commerce and Industry in support of engineering. In Bangladesh it signed a memorandum with the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

"Both agreements have confirmed the long-term effort of the Economic Chamber to support Czech exports in cooperation with foreign partners and build a permanent platform on which Czech businesses can establish new business relations, contacts and later also contracts," Economic Chamber head Petr Kuzel said.

Czech exports to India, expressed in dollars, fell by nearly a quarter last year. Kuba wants to halt this trend and return Czech exports to a growth, Forejtova said.

India is ranks among priority countries of the Czech government's export strategy.

Kuzel said earlier Czech firms could find opportunities in India mainly in the areas of information technologies, biotechnologies and infrastructure construction.

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