India–Slovakia Economic Partnership to Focus on Automobiles, EVs and Advanced Manufacturing
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Maharashtra identified as a potential gateway for Slovak companies seeking opportunities in India
India and Slovakia are looking to expand economic cooperation across automobiles, engineering, advanced manufacturing, technology, investment and joint ventures. The areas of potential cooperation were discussed by H.E. Robert Maxian, Ambassador of the Slovak Republic to India, and Dr. Vijay Kalantri, President, All India Association of Industries (AIAI) and Chairman, MVIRDC World Trade Center Mumbai.
“Slovakia has developed a strong manufacturing ecosystem, while India offers scale, talent and a rapidly expanding market. The presence of global automakers demonstrates the possibilities that manufacturing, technology sharing and global supply chains can create. Prime Minister Narendra Modi’s recent visit to Slovakia has given fresh impetus to our bilateral relationship, and we now have an opportunity to translate this into stronger business partnerships, investment and technology cooperation between Slovakia and India” said H.E. Robert Maxian, Ambassador of the Slovak Republic to India in his meeting with Dr. Vijay Kalantri, President, All India Association of Industries (AIAI) and Chairman, MVIRDC World Trade Center Mumbai at New Delhi.
The Ambassador referred to the Prime Minister’s remarks on the maiden visit of an Indian PM to Slovakia since Slovakia’s Independence, stating that the visit has created new impetus and enthusiasm among Slovak companies. He said India–Slovakia relations should progress from a traditionally friendly relationship towards a deeper economic and technological partnership.
“India and Slovakia have considerable untapped potential to expand trade, investment, joint ventures and industrial cooperation. As one of the most industrialised states of the country, Maharashtra, with its strong manufacturing base, skilled workforce and entrepreneurial ecosystem, can play an important role in taking this partnership forward particularly in automobiles, Railway locomotives, EVs, battery technology, engineering, advanced manufacturing, technology and innovation,” said Dr. Vijay Kalantri, President, All India Association of Industries (AIAI) and Chairman, MVIRDC World Trade Center Mumbai.
Dr. Kalantri also referred to previous engagements hosted by World Trade Center Mumbai involving Slovakian Prime Ministers and other high-level dignitaries for bilateral discussions.
“In the past World Trade Center Mumbai have had the privilege of hosting Slovakian Prime Ministers and other high-level dignitaries for bilateral talks. Such high-level interactions should be resurrected once again to engage and enable meaningful dialogue to expand trade opportunities. World Trade Center Mumbai remains committed in playing a meaningful role in facilitating this. As India advances towards its vision of Viksit Bharat 2047 and aspires to build a USD 30 trillion economy, Slovakia can play a meaningful role in this journey—not only as a longstanding friend, but as a trusted economic and strategic partner”, added Dr. Kalantri.
The discussion also covered the potential of the broader India–EU framework to support India–Slovakia economic relations. Maharashtra was highlighted as a potential gateway for Slovak companies seeking to expand their presence in India, based on the State’s strengths in automobiles, engineering, financial services, technology, logistics and manufacturing.
The meeting identified industry, investment, technology and joint ventures as areas providing avenues for the next phase of bilateral economic cooperation.