Foreign minister: Indian firms to create 1,000 jobs in Hungary
The Hungarian government will soon announce the creation of 1,000 jobs by Indian companies involved in advanced technologies, the foreign minister said after talks in Mumbai on Wednesday.
Péter Szijjártó told MTI by phone that he held talks with representatives of automotive, electronics and energy companies, including Tata Sons and the Mahindra and Hinduja groups, based in and around the city.
Agreements were reached on these companies making investments that exploit Hungary’s geostrategic importance, its well-trained workforce and incentives such as Europe’s lowest corporate tax rate, he said.
Read also70th Constitution Day Of India was celebrated in Budapest
The new jobs will be distributed across Hungary, primarily in the automotive industry, in service centres and the renewable energy sector, Szijjártó said.
Around 40 large-scale Indian companies operate in Hungary, employing over 10,000 people, Szijjártó noted.
The foreign minister also held talks in Mumbai with Bhagat Singh Koshyari, the governor of the state of Maharashtra.
Read alsoHungary attracting more Indian investors, says finance minister
Source: MTI
please make a donation here
Hot news
What happened today in Hungary? — 28 March, 2024
Hungary opens diplomatic mission in Tanzania
Direct flights between Budapest and this exotic capital from April!
See Budapest’s famous shopping street rejuvenated – PHOTOS
Breaking: Hungarian one-day motorway vignette’s official date and price out
Do Hungarians really earn this much? Gross wage increased