Business News

Slovenian Delegation Visiting India, Focus on Transport

Mumbai, 06 December (STA) - A government and business delegation from Slovenia is paying a five-day visit to India aimed at improving cooperation in transport and logistics. The delegation will present Slovenia as a logistics platform for Central and Southeast Europe.

During the visit, which started on Sunday, the delegation will visit the port authorities in Chennai and Mumbai.

Organised by the Chamber of Commerce and Industry (GZS) in cooperation with the Agency for Entrepreneurship and Foreign Investments (JAPTI) and the Transport Ministry, the visit will also feature separate meetings with Indian businessmen.

India is experiencing steady economic growth and spending by the 300 million-strong middle class is soaring. Demand for investment and technology is measured in billions of euros, offering numerous opportunities to foreign companies, according to the GZS.

New opportunities for Slovenian companies will also be offered by the planned free trade agreement between India and the EU. It envisages lower customs duties for food, industrial products and services.

Trade between India and Slovenia last year stood at EUR 215.2m, with Slovenia's exports amounting to EUR 76m. In the first eight months of 2010, Slovenia's exports rose by 18.7% compared to the same period last year, while imports from India were up 55.8%.

Slovenia mostly exports antibiotics, pumps, compressors and turbines. Imports from India are meanwhile dominated by petroleum products, heterocyclic compounds and medicines.

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