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PHD Chamber of Commerce sets up Indo-Hungary Business Investment Forum
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Wednesday, 22 November, 2017, 08 : 00 AM [IST]
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PHD Chamber of Commerce and Industry and Hungarian Chamber of Commerce and Industry set up the Indo-Hungary Business Investment Forum recently, following the inking of an Memorandum of Understanding (MoU), which intends to enhance business and economic ties between the two. It also aims at identifying supplementary possibilities for promotion and development of business partnership between the two countries.
The MoU was signed by the vice-presidents of the two organisations, D K Aggarwal and Andras Rev, in the presence of Gyula Petho, ambassador of Hungary to India; Mohit Jain, chairman, international affairs committee for Europe, PHD Chamber; Sandeep Marwah, chairman, art and culture committee, PHD Chamber, and Saurabh Sanyal and Yogesh Srivastav, its secretary general and principal director, respectively.
The Forum will provide an excellent opportunity to both the organisations to explore business avenues in each other’s countries and discover better channels for trade and joint ventures in a number of fields, including food processing. After signing the MoU, Aggarwal emphasised that both India and Hungary need to recognise and promote development and diversification of economic and commercial cooperation between the two on an equally mutually advantageous basis.
Petho said this would boost the business ties between the two countries and assist in settling business disputes, arising out of commercial, economic and industrial interactions, between legal and natural persons of India and Hungary through amicable methods of arbitration. Marwah, in his address, reaffirmed PHD Chamber’s connect with Hungarian art and culture, and assured that he would mount a delegation to Hungary to strengthen bilateral ties in that area.
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