Business Standard

Czech companies look to invest in Maharashtra

Hrishikesh Joshi  |  Mumbai/ Pune 

Despite global slowdown, is looking forward to invest in India for new locations for business and trade expansions.

The Czech are making investments in Pune and Aurangabad in Mahrashtra.

The estimated investments in Maharashtra will be around 400 million euros in the next two years and over 100 million euros has been already invested in Pune and Aurangabad for auto transmissions and formanufacturing railway equipments.

Speaking to Business Standard about this, Miloslav Stasek, Ambassador of the to India said, “India is a priority market for us and we have historical industrial relations with India. Both the economies look forward to each other for forging, economic, commercial and political relations as both the countries have been in the midst of reforms after opening up their economies to foreign investment and technology. we are encouraging our to invest in India and we are quite pleased with the emerging opportunities in the Pune and Maharashtra region.” 

He added, "Pune is favourite investment destination for European and several large European majors such as Skoda, Mercedes Benz, are already present in Maharashtra. We feel that more Czech would establish their manufacturing base in Pune, one of the fastest growing districts in Maharashtra. The is also keen on introducing, establishing and  strengthening the position of the famous Czech design trade brands in the Indian market. "

EEPC India,a industry body focussing on engineering sector exports from India in association with Czech Republic has organised a India Engineering Sourcing Show 2013 in Mumbai from 14-16 March 2013. Over 100 Czech will be attending this meet.

Czech like Bonatrans and Wikov Transmissions are investing 50 and 15 millon euros respectively in Pune and Aurangabad.

Majority of the investment made by Czech will be in Maharashtra.

These are investing in the sectors like defence, automobile, manufacturing, energy and heavy industries.

However, Stasek has not disclosed all the names to be inveting in the region.

Indian like Reliance Industries, Thermax, Mahindra and Mahindra, L & T Infosys has expanded their businesses in

Both the countries have designed a vendor development programme for investments in defence sector.

The official tool-kit about this will be released in the month of March this year. Current Trade between India and Czech is around USD 1.3 billion and is expected to double in the next two years.

Czech Republic's 80 per cent trade is done with Europian Countries.

According to Aman Chadha, chairman EEPC India, IESS 2013 will give a major boost to Indo-Czech Trade partnership.

IESS 2013 is getting various international delegations from Europe, Africa, South America and ASEAN countries. As the partner country, the biggest delegation is from the

Indian companies  are trading in Industrial Machinery and equipment with the and expecting see more joint ventures and investments in both the countries, post IESS 2013.

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Czech companies look to invest in Maharashtra

Despite global slowdown, Czech Republic is looking forward to invest in India for new locations for business and trade expansions.

Despite global slowdown, is looking forward to invest in India for new locations for business and trade expansions.

The Czech are making investments in Pune and Aurangabad in Mahrashtra.

The estimated investments in Maharashtra will be around 400 million euros in the next two years and over 100 million euros has been already invested in Pune and Aurangabad for auto transmissions and formanufacturing railway equipments.

Speaking to Business Standard about this, Miloslav Stasek, Ambassador of the to India said, “India is a priority market for us and we have historical industrial relations with India. Both the economies look forward to each other for forging, economic, commercial and political relations as both the countries have been in the midst of reforms after opening up their economies to foreign investment and technology. we are encouraging our to invest in India and we are quite pleased with the emerging opportunities in the Pune and Maharashtra region.” 

He added, "Pune is favourite investment destination for European and several large European majors such as Skoda, Mercedes Benz, are already present in Maharashtra. We feel that more Czech would establish their manufacturing base in Pune, one of the fastest growing districts in Maharashtra. The is also keen on introducing, establishing and  strengthening the position of the famous Czech design trade brands in the Indian market. "

EEPC India,a industry body focussing on engineering sector exports from India in association with Czech Republic has organised a India Engineering Sourcing Show 2013 in Mumbai from 14-16 March 2013. Over 100 Czech will be attending this meet.

Czech like Bonatrans and Wikov Transmissions are investing 50 and 15 millon euros respectively in Pune and Aurangabad.

Majority of the investment made by Czech will be in Maharashtra.

These are investing in the sectors like defence, automobile, manufacturing, energy and heavy industries.

However, Stasek has not disclosed all the names to be inveting in the region.

Indian like Reliance Industries, Thermax, Mahindra and Mahindra, L & T Infosys has expanded their businesses in

Both the countries have designed a vendor development programme for investments in defence sector.

The official tool-kit about this will be released in the month of March this year. Current Trade between India and Czech is around USD 1.3 billion and is expected to double in the next two years.

Czech Republic's 80 per cent trade is done with Europian Countries.

According to Aman Chadha, chairman EEPC India, IESS 2013 will give a major boost to Indo-Czech Trade partnership.

IESS 2013 is getting various international delegations from Europe, Africa, South America and ASEAN countries. As the partner country, the biggest delegation is from the

Indian companies  are trading in Industrial Machinery and equipment with the and expecting see more joint ventures and investments in both the countries, post IESS 2013.

image
Business Standard
177 22

Czech companies look to invest in Maharashtra

Despite global slowdown, is looking forward to invest in India for new locations for business and trade expansions.

The Czech are making investments in Pune and Aurangabad in Mahrashtra.

The estimated investments in Maharashtra will be around 400 million euros in the next two years and over 100 million euros has been already invested in Pune and Aurangabad for auto transmissions and formanufacturing railway equipments.

Speaking to Business Standard about this, Miloslav Stasek, Ambassador of the to India said, “India is a priority market for us and we have historical industrial relations with India. Both the economies look forward to each other for forging, economic, commercial and political relations as both the countries have been in the midst of reforms after opening up their economies to foreign investment and technology. we are encouraging our to invest in India and we are quite pleased with the emerging opportunities in the Pune and Maharashtra region.” 

He added, "Pune is favourite investment destination for European and several large European majors such as Skoda, Mercedes Benz, are already present in Maharashtra. We feel that more Czech would establish their manufacturing base in Pune, one of the fastest growing districts in Maharashtra. The is also keen on introducing, establishing and  strengthening the position of the famous Czech design trade brands in the Indian market. "

EEPC India,a industry body focussing on engineering sector exports from India in association with Czech Republic has organised a India Engineering Sourcing Show 2013 in Mumbai from 14-16 March 2013. Over 100 Czech will be attending this meet.

Czech like Bonatrans and Wikov Transmissions are investing 50 and 15 millon euros respectively in Pune and Aurangabad.

Majority of the investment made by Czech will be in Maharashtra.

These are investing in the sectors like defence, automobile, manufacturing, energy and heavy industries.

However, Stasek has not disclosed all the names to be inveting in the region.

Indian like Reliance Industries, Thermax, Mahindra and Mahindra, L & T Infosys has expanded their businesses in

Both the countries have designed a vendor development programme for investments in defence sector.

The official tool-kit about this will be released in the month of March this year. Current Trade between India and Czech is around USD 1.3 billion and is expected to double in the next two years.

Czech Republic's 80 per cent trade is done with Europian Countries.

According to Aman Chadha, chairman EEPC India, IESS 2013 will give a major boost to Indo-Czech Trade partnership.

IESS 2013 is getting various international delegations from Europe, Africa, South America and ASEAN countries. As the partner country, the biggest delegation is from the

Indian companies  are trading in Industrial Machinery and equipment with the and expecting see more joint ventures and investments in both the countries, post IESS 2013.

image
Business Standard
177 22