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.

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The new jobs will be distributed across Hungary, primarily in the automotive industry, in service centres and the renewable energy sector, Szijjártó said.

Photo: MTI/Borsos Mátyás

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.

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Source: MTI