India, is reaching out to top Czech companies to invest and scale up their investment in India in the engineering and technology sector. This is going to be another big step towards direct and indirect employment generation in the sector, while strengthening the Make in India programme.
A high level Government – industry delegation led by Secretary in the Department of Heavy Industry, Dr. Asha Ram Sihag, reached out to top Czech companies during the ‘India Investment Meet” at the International Engineering Fair (MSV) at Brno, in Czech Republic, on October 8, 2019. Addressing global companies and Technology heads, Dr. Sihag discussed how India has been on the investment radar of the top Czech companies. He said that Volkswagen Group is investing one billion Euros in the implementation of its project in India for developing new models, including a mid-size SUV to be showcased in 2020.
India has set a target of raising the size of the capital goods sector from Rs. 2.30 lakh crores in 2014-15 to Rs.7.5 lakh crore in 2025, raising direct and indirect employment to 30 million from 8.4 million at present.
While addressing the meet – India’s Ambassador to Czech Republic, Mrs. Narinder Chauhan also highlighted that India is seeking foreign investment particularly in the high tech areas and further strengthening its manufacturing under the flagship ‘Make in India ‘ programme.
Secretary Heavy Industry also met with Karl Havlicek, Deputy Prime Minister, Czech Republic at MSV Brno and discussed initiatives to deepen engagement in R&D, mutual trade and cooperation.
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