Foreign Minister of Czech Republic Lubomir Zaoralek will arrive here on Sunday on a three-day visit with an aim to explore untapped potential in trade and investment besides deepening ties in areas of defence and security.
He will be accompanied by a 30-member delegation comprising senior officials and 18 businessmen.
He will hold delegation-level talks with Minister of State for External Affairs M J Akbar, covering various bilateral and multilateral issues.
Zaoralek is also expected to meet Defence Minister Manohar Parrikar and Commerce Minister Nirmala Sitharaman among others.
Both India and Czech Republic are keen to boost economic engagement as the two countries feel that the volume of annual trade, which is currently at USD 1.2 billion, can be significantly enhanced.
Indian Investors such as Infosys, Tata Tea, Alok Industries, Glen Mark Pharmaceuticals, Cafe Coffee day have made sizable investment in the Czech Republic and Czech companies such as Skoda Auto, Skoda Power, Bonatrans and Home credit have investments in India.
The Joint Commission on Economic Cooperation co-chaired by MOS(Commerce) from the India side and Minister of Trade and Industry from the Czech side have met on regular basis to explore new areas of cooperation.
"Indo-Czech Relationship has been historical, warm and friendly and predate our Independence when Rabindranath Tagore and Netaji Subhash Chandra Bose visited Czechoslovakia in 1930s. Regular exchanges of high level visit have taken place from both sides," said MEA Spokesperson Vikas Swarup.
He said the two countries share common views on various multilateral issues and the support has been extended by both countries for each other's membership to the multilateral bodies.
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