External Affairs Minister Salman Khurshid will be addressing the Annual Conference of Hungarian Ambassadors, as India prepares for Hungarian Prime Minister Viktor Orban's visit to India in October, to strengthen bilateral ties between the two countries.
Khurshid in a statement released in Budapest said that the relation between India and Hungary are historic, friendly and multi-faceted.
"This morning, I had excellent discussions with my host Dr. Janos Martonyi on all issues of bilateral, regional and international concern. We also agreed to closely coordinate our position on all regional and international issues," he said.
He further said that the visit of the Hungarian Prime Minister will set new milestone in bilateral ties.
"Several new agreements are likely to be signed further strengthening our bilateral cooperation," he said.
"Our economic and commercial engagement is gradually increasing with Indian investments in Hungary reaching a record level of USD 1.5 billion. Our people-to-people contacts are deep-rooted going back to several centuries," he added.