President Kovind invites Czech defence companies to set up joint ventures in India

President Ram Nath Kovind has called upon the Czech companies to take advantage of opening of defence manufacturing sector in India and set-up joint ventures to produce for the domestic market.

Speaking after the delegation level talks in Prague today, Mr. Kovind said there is immense potential for India-Czech defence collaboration to meet the growing requirements of the Indian defence industry.

President Kovind expressed happiness that the Czech auto manufacturer Skoda and its parent company Volkswagen have announced plans to invest one billion dollar in India under the ‘Make in India’ initiative.

In the joint statement issued after the meeting between President Kovind and his Czech counterpart Milos Zeman the two sides expressed desire to further strengthen the strategic aspects of the relationship.

They also condemned terrorism and called upon all countries to deny safe haven to terrorists and work to disrupt terrorist infrastructure, financing and their cross-border movements.

India and the Czech Republic today finalised 5 MoUs including in the fields of laser technology, exemptions from visa requirements for Diplomatic passport holders and Work Plan for support of Indo-Czech projects in diverse areas of science and technology.

The two countries also decided to initiate co-operation for peaceful use of nuclear energy.

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