Business News

Slovenian Companies Interested in Indian Market

Ljubljana, 04 December (STA) - Over 60 business executives attended a conference on business cooperation with India, organised by the Chamber of Commerce and Industry (GZS) in Ljubljana this week. The event was part of preparations for Prime Minister Borut Pahor's trip to India next year.

Indian Ambassador to Slovenia Jayakar Jerome advised the participants to look for new business opportunities outside the EU, noting that economic growth would not return without further expansion of the market.

Jerome said the areas that attracted the most foreign investors to India are the service sector, IT and communication technology, real estate business, construction, energy, car industry, metallurgy, oil and gas and the chemical industry.

He mentioned that foreign direct investment is meanwhile not allowed in the gaming and betting industries, nuclear energy and some trade marks in retail.

Natasa Turk of the GZS's Competitiveness Centre presented business opportunities for Slovenian companies in India. She highlighted infrastructural projects, where US$500bn are intended for investments into construction and engineering for the next five years.

Another US$200bn are intended for investments in energy, road and ports infrastructure in the next seven years, Turk said.

Indian companies are interested in secondary raw materials, second-hand machines and the buy-off of technical documents and trade marks of bankrupt Slovenian textile and construction companies, she added.

Tanja Permozer of the Slovenian Economy Ministry said that the planned free trade agreement between the EU and India would open even more opportunities for economic cooperation with India.

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