PHD Chamber of Commerce and Industry and
Hungarian Chamber of Commerce and Industry on Tuesday set up Indo-Hungary
Business Investment Forum following signing of an MoU, which intends to enhance
business and economic ties between the two.
It also aims at identifying supplementary
possibilities for promotion and development of business partnership between the
two countries.
The MoU was signed by Vice Presidents of the
two organizations Mr. D K Aggarwal and Mr. Andras Rev in the presence of
Ambassador of Hungary to India, Mr. Gyula Petho; Chairman, International
Affairs Committee for Europe, PHD Chamber, Mr. Mohit Jain; Chairman, Art &
Culture Committee, PHD Chamber, Mr. Sandeep Marwah and its Secretary General
and Principal Director, Mr. Saurabh Sanyal and Mr. Yogesh Srivastav.
The Forum will provide an excellent
opportunity to both the organizations to explore business avenues in each other
country and discover better channels for trade and joint ventures in the field
of IT, Pharmaceuticals, power equipment, auto-components and food processing.
After signing the MoU, Mr. Aggarwal
emphasized that both India and Hungary need to recognize and promote
development and diversification of economic and commercial cooperation between
the two on equally mutually advantageous basis.
The Ambassador of Hungary to India Mr. Gyula
Petho said this would boost the business ties between India and Hungary and
give assistance to settle business disputes, arising out of commercial,
economic and industrial interactions, between legal and natural persons of
India and Hungary through amicable methods of arbitration.
Mr. Marwah in his address reaffirm PHD
Chamber connect with Hungarian Art & Culture and assured that he would
mount a delegation to Hungary to strengthen bilateral ties in the area of art
and culture.
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