Hungary for India’s participation in defence, film industries

Defence is a sensitive area where Budapest was looking for Indian investment in reviving the defence Industry, Hungarian Prime Minister Viktor Orban said at a joint press conference with visiting Vice President Hamid Ansari.

By: PTI | Budapest | Published:October 16, 2016 8:36 pm

Hungary on Sunday sought India’s help in reviving its defence industry, saying it has set up a joint working group of technology to explore possible cooperation between the two nations. Defence is a sensitive area where Budapest was looking for Indian investment in reviving the defence Industry, Hungarian Prime Minister Viktor Orban said at a joint press conference with visiting Vice President Hamid Ansari.

“We are looking for rebuilding Hungarian defence Industry with India’s participation,” he said. Orban said Hungary has set up a joint working group of technology to explore possible cooperation between the two nations.

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Meanwhile, referring to India’s film industry, the Prime Minister said Hungary was also looking for Bollywood’s help in revamping Hungarian film industry. He said a Hungarian delegation will soon visit India to explore film industry cooperation between the two countries.

Referring to the Apollo Tyres’ Euro 475 million investment in a green field project, Orban said it is one of the largest foreign investments in Hungary.
Ansari’s three-day visit to Hungary comes over two decades after then President Shankar Dayal Sharma had visited the central European country in 1993.

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