Slovakia Strengthens Ties with India: Major Investments Headed for Odisha
The Slovak Ambassador to India, Robert Maxian, emphasizes Odisha's importance in Indo-Slovak relations with major Slovak investments in the state. This development aligns with India's 'Make in India' policy, fostering job creation and trade between the two nations while expanding cultural and political ties.
- Country:
- India
The Slovak Ambassador to India, Robert Maxian, has highlighted the strategic significance of Odisha in enhancing Indo-Slovak bilateral relations. His recent meeting with Odisha Chief Minister Mohan Charan Majhi underscored the potential for mutual economic and cultural growth, with plans for significant investments in the state.
Maxian announced a substantial investment of INR 2,500 crores by Slovak company Tatravagonka Poprad, in partnership with Jupiter Wagons, to produce railway bogeys. Scheduled for commissioning in 2027, half of the production is earmarked for the Indian market, with the remainder set for export.
This venture aligns with India's 'Make in India' policy, focusing on job creation and economic development, benefiting both countries. Additionally, Maxian spoke on the enhanced political dialogue between Slovakia and India, marking a new chapter in their bilateral relations amid rising trade volumes and cultural exchanges.
(With inputs from agencies.)
ALSO READ
Tripura's Growth: A Potential Hub for Investment
SACE and AfDB Join Forces Under $6 Billion "Mattei Plan" to Boost Investment and Development in Africa
KBC and EIB Launch €600M Loan Facility to Boost Sustainability Investments for Belgian SMEs
Bihar IT conclave attracts investment intent worth Rs 460 crore
Rising Rajasthan: Global Investment Summit 2024 Kicks Off