Summary:

Ms. Droupadi Murmu, President of India, welcomed Slovakian entrepreneurs to participate in the "Make in India" initiative, highlighting India's achievements in the face of global uncertainty. She spoke at the Slovakia-India Business Forum about India's goal of becoming a $5 trillion economy, as well as the potential for trade and investment. She also emphasized Slovakia's role in the automotive industry, particularly Jaguar Land Rover's successful Nitra factory investment in 2018.

During her visit to the Nitra factory, where she met with Indian employees, she highlighted the Slovakian government's investment of Rs. 1,219 crore (€125 million). The 3,000,000-square-meter factory is a leader in aluminium manufacturing and engineering. The visit also underscored the future electrification strategy, which aims to produce an electric vehicle for each JLR model by the end of the decade, further strengthening the India-Slovakia economic partnership.

Source: IBEF

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