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Bosnia-Herzegovina envoy invites India to invest

Press Trust of India  |  Kolkata 

Bosnia-Herzegovina (BiH) ambassador in Sabit Subasic today invited to invest in his country citing its 'investor-friendly economic environment'.

Speaking at an interactive session on India-Bosnia & Herzegovina Economic Relations and Investment Opportunities organised by the MCC Chamber of Commerce and Industry here today, Subasic stressed on the country's geostrategic position and a competitively priced labour force to support Indian entrepreneurs invest there.

"BiH's geostrategic position, its business friendly environment as well as the competitively priced labour force would be a great scope for Indian investors to invest," Subasic said.

The Ambassador also cited BiH's preferential export with regimes with countries like the USA, Australia, and other top nations, and stressed on the favourable tax and custom system.

He also said that once BiH becomes a member of the European Union (EU), it could help Indian investors reach at least 600 million consumers of the Union as well as the Central part of the continent.

"We have huge potential in the field of power production, development of transport infrastructure as well as food processing and agriculture, tourism, automobile industries and textile and leather industries," Subasic pointed out.

"We are a developing country and ours is an open market... We have a goal to be a part of the European Union within five to six years. So Indian investors would have an access to around 600 million consumers after that," he said.

First Published: Tue, August 05 2014. 22:26 IST