FIFTEENTH MEETING OF
The
Joint Inaugural Session of the Fifteenth Meeting of India-Hungary Joint
Business Council and the 1st Session of the India-Hungary Joint
Commission on Economic Cooperation was held at
The
meeting was attended by a cross section of Indian and Hungarian companies
having interest in evolving stronger commercial linkages.
The
meeting was held in the positive environment and both sides renewed their
resolve to strengthen the relationship.
The
program included addresses by Dr Ashwani Kumar, Hon’ble Minister of State for Industry, Government of
India, H E János Veres,
Minister for Finance of the Republic of Hungary, H E Peter Medgyessy,
Former Prime Minister of the Republic of Hungary, Mr Onkar S Kanwar, Former President
of FICCI and Chairman & Managing Director of Apollo Tyres
Ltd., and by Mr Péter Székely, Leader of the Hungarian business delegation.
The
Joint Inaugural Session was followed by the split sessions of the JBC and JCEC.
Three presentations were made by Indian and Hungarian side in the split session
of JBC. Mr Rajan Kohli, Deputy Secretary General, FICCI, made a presentation
on the Indian Economy and Dr Zoltán Bodnár, CEO, Eximbank Pte Ltd. about the services of the EXIMBANK’s
to facilitating in depth discussions evolving joint recommendations for giving
the desired push to Indian-Hungarian cooperation.
Following
are the highlights of the meeting:
·
Both side expressed confidence the ongoing dialogue
between the businessmen through the JBC would pave the way for strengthening
bilateral economic relations.
·
Both side agreed that the Hungarian and Indian
businessmen should look at newer and niche products for trade. Hungarian
companies could consider setting up manufacturing bases in
·
The Indian side invited
·
Both sides agreed for regular exchange of
information about changes in trade policy & laws, tenders for purchase of
goods & construction projects and possibilities for export of goods &
services between the two countries.
·
Both sides agreed to facilitate exchange of
business visits, hold presentations as well as participate in the international
exhibitions and organize exchange of business delegations by the respective
business chambers.
·
The Indian side informed the Hungarian side about
the reforms in Foreign Investment policy of
·
The Hungarian Side (ITD Hungary) informed the
interested Indian companies about the investment climate in
·
Both the sides decided to undertake promotion of
bilateral investments and also undertake encouragement of joint co-operation in
various industrial sectors.
·
Both the sides expressed satisfaction at growing
investment relations. Acquisition of the well known company Ganz
Transelektro (GTV) by the Thapar
group in August 06 represents the synergy that exists between our two sides.
All the investments and joint ventures are expected to act as a catalyst for
bilateral trade.
·
Volume of
bilateral trade was not commensurate with the potential that existed and there
was a need to achieve more balanced trade. Greater efforts were needed to be
made by both the sides to diversify the structure of bilateral trade.
·
Automotive
Components Manufacturers Association of India suggested exchange of business
delegation between the two countries to promote further cooperation in the
sectors.
·
Referring to
the continuous deregulation of the economies in
·
Auto
components
·
Pharmaceutical
& healthcare
·
Ayurveda
·
Information
Technology
·
Energy &
power
·
Environment
& water treatment
·
R & D /
Science & Technology Cooperation
·
Transportation
·
Agriculture
·
Industrial
machinery & machinery tools manufacturing
·
Chemical
industry
·
SMEs
·
Electronic
industry and aviation in defence cooperation
·
Both sides
should jointly consider framing a long-term strategy with a reasonable time
frame with focus on key sectors to promote to way trade and investments as far
as banking and financial infrastructure support.
·
Both sides
agreed that the JBC should provide complete assistance in trade and felt that
an Indo-Hungarian website will ensure the business information flow necessary
to boost the trade and investment exchange.
·
Individual
business meetings followed the meeting. Both sides agreed upon holding the
Sixteenth Meeting of India-Hungary JBC at a mutually convenient date and place
in
Done
in
|
For
and on behalf of the Indian-Hungarian JBC |
For
and on behalf of the Hungarian-Indian JBC |
|
Sd/- |
Sd/- |
|
DR AMIT MITRA Secretary General, FICCI |
PÉTER SZÉKELY Co-Chairman of the Hungarian side of the Joint
Business Council |
OFFICIAL
DELEGATION
BUSINESS DELEGATION
PHARMACEUTICAL AND HEALTHCARE
The
Hungarian company called Garuda Trade Ltd. would like
to find Indian business partners (government and private) for the export to
India of high-quality Hungarian electronic health-care equipments (blood-sugar
level and urine control equipments).
The
medical waste is defined as a mixture of infected materials containing syringes
sharp steel, instruments, glassware, paper and plastics and used bandages,
cottons etc.. such waste has
to be treated in a logistical system and transport them to incinerators to
destroy by fire. However this method is out of date, not fully safe and costly,
unfriendly to the environment as the incinerator’s smoke pose to cancer.
The
Hungarian company East-West Trading Co. takes the liberty to offer their system
having the most up to date equipment called
,,
Sterilization and Fragmentation of Medical Waste ’’
The
salient features of our equipment
-
Name is Clave
equipment
-
Fully automatic and
controlled by computer
-
Very high capacities
-
Absolute safety
-
Using high
temperature and high pressured steam , no fire so friendly to the environment
-
There are three types
, Clave – 300 , 1000 and 2000 make possible to use small
(15-20 beds) to big (5-800 beds)
hospitals
-
Simple operation only
one non-skilled person is required
-
Practically no
regular service is needed only minimal technical check up app. one year
operation
-
Suitable to fight
again any diseases because kills all type of bacteria, viruses of the World.
E.g.
the most resisted virus is Hepatitis B which is killed on 132. C degree, our
equipment use 138 C degree
-
All Clave machine has
the following certificates
At
present the company does not know other manufacturers in the EU who have the
certificate of d. and e.
For
installation and commission the following pre—conditions is needed shelter
(room) with concrete floor, electricity, gas, water and sewerage connections.
All
Clave equipment is suitable for hospitals, medical institutions, air ports and
harbors.
The
Hungarian company can introduce their equipment in Budapest-Hungary working in
a big hospital.
AYURVEDA
AYUSH
informed the Hungarian side of its intension to organize in
The
Hungarian side welcomed the information and agreed to extend all possible
support.
The
Hungarian Ayurveda Medical Foundation informed the
Indian side that they would like to import from
INFROMATION TECHNOLOGY
Hungarian side stated that
Hungarian Association of IT Companies (IVSZ) is committed to develop the
Hungarian IT industry, its mission is to represent the interests of Hungarian
IT companies, as well as pursuing proactive lobbying activity. The latter could
be strengthened by signing actual contracts covering the organisation of
supported expositions, business meetings, the activities of business
associations and the presentation of companies.
ENERGY SECTOR
Hungarian
side stated that MOL, the Hungarian oil company has already established some
useful contacts in
The
Indian side welcomed the development and suggested that companies like ONGC Videsh Limited (OVL) and Oil India Limited (OIL) could
explore the opportunity of forming a joint venture with the Hungarian MOL for
ventures in third countries.
ENVIRONMENT AND WATER TREATMENT
Indian
side stated interest in collaborating with
The Hungarian
side welcomed the Indian initiative and encourages the cooperation of the
private sector in identifying projects of common interest with special regard
to best practices and innovative technologies. The Hungarian side introduced
the Hungarian Association of Environmental Enterprises (KSZGYSZ) representing
Hungarian enterprises providing innovative solutions, advanced technology and
services in the fields of waste management, waste water treatment, and air
purification.
The Hungarian side presented ORGANICA Ecotechnologies, a market leading environmental service
provider of
Indian
side expressed its awareness of excellent technology in
Hungarian
side welcomed the interest and expressed keenness to encourage its private
sector to get in touch with Indian private sector in this field.
R&D /S&T COOPERATION
Both
the sides agreed to improve cooperation in the following areas: R&D,
technology transfer, standards setting in the processed food sector.
TRANSPORTATION
Several Hungarian companies
are willing to participate in transport reconstruction projects with
engineering services, technology and know-how transfer as well as manufactured
products.
AGRICULTURE
Garuda
Trade Ltd. (Budapest) represents the Chamber
Of Agriculture of Budapest (Budapesti Agrárkamara, BAK) at the Indo-Hungarian Joint Business
Council, in order to find Indian partners who would be interested in the
products of the Hungarian agriculture, with the aim of contributing to the
re-strengthening of the once flourishing Hungarian agriculture and animal
husbandry.
We
would also like to find Indian partners who could export ecological
(bio-degradable) pesticides, fodder-supplements or seed grains. We are also
looking for companies and organizations who would be interested in an
agricultural R&D cooperation with Hungarian firms.
INDUSTRIAL MACHINERY & MACHINE
TOOLS MANUFACTURING
Garuda
Trade Ltd. also represents the Budapest
Chamber of Trade and Industry (Budapesti Kereskedelmi és Iparkamara), more specifically the Rév Group of Companies.
The
Rév Group of Companies would be interested to find
Indian manufacturers and buyers from the following sub-sectors: stainless steel
tubes, stainless steal semi products, welding material and welding machinery,
aluminum gas cylinders, motor-boats, motor-ships, yachts, bus rental and
trading, passenger transport, metallurgical and rolling mill equipments,
industrial screw compressors, refrigerators for catering and industry, gastro
technical equipments, air technology equipments, store fixture trading, medical
equipments, Herendi China Sale and other gifts, Men
Handball.
ELECTRONIC INDUSTRY AND AVIATION IN
DEFENCE COOPERATION
Both
Sides referred that there is a Joint Committee established by the Ministry of
Defense of defense supplies and scientific cooperation between the two
countries.
With
respect to the above both sides emphasize the importance of such cooperation.
Arnitel
Ltd. as member of Defense Committee expressed their readiness to enter into
talks on the following subjects which may be of interest for both sides:
-
modernization of
analogue radar systems
-
supplying and
mutually further developing latest generation
Helicopter simulator
-
supplying man
portable and/or vehicle mounted border surveillance
and perimeter
-
discussing
possibilities of repair, spare parts supply and professional
upgrade of EW systems delivered earlier
-
supplying and
mutually developing ultra light or very light aircrafts
for first stage pilot training and for UAV purposes
-
supplying mobile shelter mounted water cleaning system.
The
successful creation and existence of middle and long term projects can be
supported by a beneficial credit scheme under the auspices of state owned
Hungarian Eximbank.
SANITER INDUSTRY
Kerox
Kft. is a Hungarian manufacturer and a
leading worldwide supplier of ceramic cartridges with the annual
sales of 15 million pieces (2006). Beside our traditional two handle
plastic cartridges and single handle standard cartridges in
the last years Kerox has developed
a wide range of advanced products in the rotary, diverter, joystick, head
valve, single flow, flow-thru pressure balance and thermostatic categories.
Their
main goal is to increase business with our existing Indian clients and to
find new OEM partners.
* * * * *