Slovakia's Ambitious Plans for Partnership with India Across Various Sectors
Key Ideas
  • Slovakia is interested in partnering with India in green hydrogen, heavy engineering, R&D, cyber security, and more.
  • The two-way trade between Slovakia and India has doubled in the last five years, aiming to reach Euro 1 billion this year.
  • Slovak companies have invested in various sectors in India including biofuel, railway manufacturing, and cyber security.
  • There are opportunities for collaboration in defense manufacturing, automobile, aerospace, and other high-tech sectors between the two countries.
The Ambassador of the Slovak Republic to India, Robert Maxian, expressed Slovakia's keen interest in partnering with India across multiple sectors. Slovakia has shown interest in green hydrogen technology and has successfully tested its use in heavy vehicles like buses. Slovak companies have invested in biofuel, railway manufacturing, cyber security, and metallurgy in India. The two-way trade between the two countries has seen significant growth in recent years, with plans to increase it further. There are opportunities for collaboration in areas such as film production, defense manufacturing, cyber security, and more. The Honorary Consul of Slovakia in India highlighted the common values shared by Slovakia and India and the potential for partnership in green technologies, heavy engineering, and R&D. Both countries are looking forward to the finalization of a free trade agreement with the EU to boost bilateral trade.
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