Slovak businessmen at the biggest business forum in Uttar Pradesh (UP)

On 21-22 February 2018 Uttar Pradesh Investors Summit 2018 was held in the capital city of Uttar Pradesh, Lucknow, India. The Slovak Republic was a partner country together with CZ, FI, NL, JP, TH, MU. The business mission of the Slovak Republic has presented investment offers in the field of smart city solutions, IT, green energy as well as the aerospace industry.

The event was inaugurated by Prime Minister N. Modi and Prime Minister of Uttar Pradesh - Y. Adityanath with the participation of 28 ministers of India as well as President of India. The participation of the 12 Slovak companies was provided by the Indian Chamber of Commerce in the Slovak Republic in co-operation with the Ministry of Foreign Affairs (the Slovak Embassy in Delhi) and Indian Embassy in the Slovak Republic.

Slovak companies had the opportunity to present themselves at the Country Session Discussion Panel, which was attended by entrepreneurs and partners from several sectors and regions as well as governmental organizations of the UP. After the opening of the discussion panel by Ambassador Zigmund Bertok, the presentation of individual Slovak companies followed. For INDCHAM, we can proudly state that 5 MOUs (Memorandum of Understanding) have been agreed, which in India means an initial interest before the conclusion of the contract. The President of the Indian Chamber in Slovakia, Rakesh Taurani, a businessman living in Slovakia for more than 12 years and Vice President Alexander Horvath, presented INDCHAM's support for the investment interests of Indian partners in Slovakia as well as the results of Slovak companies in India. After the summit, they continued with the Prešov company Tomark Aero for previously agreed B2B meetings with partners from the aviation industry and defense who were interested in specific cooperation.

Prime Minister Modi introduced massive investments into the state of Uttar Pradesh (note Uttar Pradesh is India's most populous state with a population of more than 200 million people), along with the state of Maharashtra, India's fastest growing market, and we therefore consider this region to be both strategic for future missions and delegations. The event was attended by 5000 delegates, including the bosses of the largest business groups in India such as Tata Group, Reliance Group, Adani Group, etc.

We thank all parties and the organizing committee of INDCHAM for a wonderfully prepared event and we look forward to the nearby joint missions to India that we will be inform all in time. We are also proud that INDCHAM has already opened 5 subsidiaries in India. After Delhi, Mumbai, Bangalore and Chennai, we rank Lucknow into key nodes in India. The new Managing Director of INDCHAM for the state of Uttar Pradesh became a local entrepreneur, the founder of the Biz Café start-up center as well as the Women's Entrepreneurs Association, Mrs. Aparna Mishra, (contact aparna@indianchamber.sk) who will monitor the interests and incentives of the UP country for Slovakia.

Is your business ready to export to India, are you looking for a distributor in India, or are you considering setting up a branch or joint venture in India? Contact us as soon as possible, the Indian train is on platform number 1 and is leaving soon ....

Alexander Horváth

VP & COO INDCHAM

email: This email address is being protected from spambots. You need JavaScript enabled to view it.

tel: +421 917 252978

Pictures from the event:

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Slovak Stand with main motto - Good Idea Slovakia

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Czech Ambassador Milan Hovorka (in the middle) with Slovak delegation.

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Slovak delegation meeting Chief Minister of Uttar Pradesh - Yogi Adityanath. Next to CM is Dr. Anup Pandey, Industrial Development Commissioner, UP, who helped us securing the partnership on country level.

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