Vucic is on a four-day visit to India at the invitation of Prime Minister Narendra Modi.
Vucic highlighted Serbia's will to improve economic ties with India, and further "attract Indian investors to our country".
At a meeting hosted by Indian Council on Global Relations, Mumbai in collaboration with the Embassy of the Republic of Serbia, Vucic called for boosting trade between the two countries.
He also discussed a long-term goal of creating a visa-free regime between the two nations.
He said Serbia is a land-locked small nation of 7 million which is located between Europe and Asia, and therefore has a keen interest and engagement with both continents.
He admired Indian entrepreneurship, saying that his country would like to embrace such spirit.
"Serbia's strategic goal is to be a full member state of the European Union," he added.
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