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India explores business, investment opportunities with Hungary during high-level meetings
Nov-09-2026

India and Hungary are exploring avenues to expand trade, investment and industrial partnerships across several high-potential sectors. In this regard, Minister of State for Commerce and Industry, and Electronics and Information Technology, Jitin Prasada, visited Hungary from November 4-6, 2026. 

The visit included high-level political and institutional engagements, with Prasada calling on the Deputy Speaker of the Hungarian National Assembly. Discussions centred on further strengthening bilateral relations and exploring opportunities for enhanced cooperation between India and Hungary, including in the broader context of India-European Union relations. Prasada also met the Minister of Science and Technology of Hungary. The discussions focused on expanding bilateral cooperation in emerging technologies, research and innovation, and exploring opportunities for greater collaboration between industries and research institutions of the two countries. 

As part of his institutional engagements, Prasada visited the Hungarian University of Agriculture and Life Sciences (MATE), one of Central Europe’s leading agricultural research and educational institutions. The visit provided an opportunity to explore potential cooperation in agricultural research, agri-technology, innovation and sustainable agricultural practices. The Minister also visited Gedeon Richter Plc., a leading Hungarian pharmaceutical company with an established manufacturing presence in India through Richter Themis Medicare (India) Pvt. Ltd. The visit highlighted existing industrial linkages between the two countries and opportunities for further collaboration in pharmaceutical manufacturing, research and development and healthcare technologies.


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