30 member Czech business delegation to meet Kamal Nath | india | Hindustan Times
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30 member Czech business delegation to meet Kamal Nath

india Updated: Nov 14, 2008 16:43 IST

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A 30-member business delegation from the Czech Republic, headed by its Trade and Industries Minister Martin Riman, will soon meet Union Commerce and Industries Minister Kamal Nath to discuss strengthening of ties between the two countries.

"Along with our Trade and Industries Minister Martin Riman, we will meet Union Commerce and Industries Minister Kamal Nath by early next week on enhancing our relationship with India," Ambassador of Czech Republic H E Hynek Kmonicek told reporters in Chennai on Friday.

The meeting is mainly to focus on how to increase bilateral ties, which have grown manifold in the last one decade,he said.

Earlier, speaking at a conference organised by industry body Consultative Committee of City Chambers of Commerce in Chennai, Martin Raman called for enhancing the opportunities which have emerged due to the global meltdown.

"The Czech Republic and India are the least affected nations due to the global meltdown. Taking this as an opportunity, we should strengthen our bilateral ties" he said.

Stating that bilateral trade between the two countries was 'well-balanced' and had increased from US$ 60 mn a few years ago to US$ 1 Billion in 2007 and hoped it would increase to 2 bn US$ in another 10 years.

He hoped to see more investment opportunities in the Power Industry, development of infrastructure and manufacture of diesel generator sets in India.

The minister said India has grown tremendously, posting an impressive growth in the last decade alone, including the recent launch of Chandrayaan-1 to the Moon.