Croatia may get 10 mn investment

Croatia may get 10 mn investment

Croatian Ambassador to India Dino Debeljuh received a €10 million investment proposal from a Punjab industrial delegation today in Chandigarh.

Investment will be in the hotel industry, information technology, education, the pharmaceutical sector, and agriculture in Croatia.

"Our embassy is providing assistance to the business community," Debeljuh said.

Bilateral trade between the two countries is $ 40-50 million, as per the data of the Croatian government.

India's main exports to Croatia are textile yarn, leather, crude minerals, tractors, antibiotics, spices, etc.

Imports from Croatia are turbines, antibiotics, cement, motor vehicle components, medical equipment, and sports goods.

Debeljuh said Croatia was expected to get membership in the European Union.

"Developing property, establishing manufacturing units and importing goods from China and India for the European markets will be attractive business propositions," he said.

Commenting on various government incentives and schemes for entrepreneurs, he said, "There are tax-free zones near the sea side and inland."

The ambassador highlighted the vast business potential of the road transport of goods coming by sea to Europe, if routed through Rijeka port in Croatia rather than conventional port routes like Hamburg.