It will cover several sectors including agri-tech and machinery, food processing, advanced engineering, Smart Cities, construction technology, environmental technology, packaging, and electronics, an HNTH release said. Dr.Norbert Revai-Bere, Consul General of Hungary in Mumbai, said recent years have seen the rapid upgradation of India-Hungary cooperation in diverse sectors.
He said India-Hungary bilateral cooperation extends not merely to commercial and investment partnerships but also to the fields of agriculture& food, defence industry, health including Ayurveda, oil exploration, science and technology, and educational and cultural exchanges.
In 2014, the total export from Hungary to India was USD 220 million, an increase of 300 per cent in last ten years. The key advantages that India offers to Hungarian export businesses include English as the main business language used in India, common legal and administrative history of the two nations, India's rapidly rising disposable incomes and middle class consumers, and India's location as the perfect gateway to South-East Asian markets, he said.
The Office of the Hungarian National Trading House at Bengaluru is managed by business consulting firm Innoversant Solutions Pvt. Ltd., the release said.