CZECH REPUBLIC SEEKS INCREASED INVESTMENT FROM INDIA

Kolkata
The Economic Times

The Czech Republic on Wednesday welcomed Indian investors to increase their investments in the European nation and outlined the various incentives it had to offer.

Czech Republic Councillor in India, Vladimir Jenista said they were interacting with the business community here with an aim to attract greater investment from the country.

He and CzechInvest, a government organisation to promote trade and investment, made presentations and outlined the sops the European country was offering to lure Foreign Direct Investment.

The bilateral trade had expanded 44 per cent in 2007. Indian exports grew by 52 per cent to US $ 403.8 mn, while, Czech Republic exports to India increased by 39 per cent to US $ 555.29 mn during the period.

Infosys, Ashok Leyland, Tata Tea-Teley, Alok Industries and Glenmark have presence in the Czech Republic.