Czech Republic to revive Skoda project

By Our Staff Correspondent

MUMBAI, MARCH 13. The Czech Republic is keen to restart the Skoda automobile project in Aurangabad district of Maharashtra which has been suspended due to changes in India's automobile policy, as well as because it lacks clarity, said Mr. Milos Zeman, Prime Minister, Czech Republic, while addressing at the All India Association of Industries (AIAI) and MVIRDC World Trade Centre.

The Czech Government is also keen to restart the tractor project in Baroda in Gujarat through technology upgradation in association with Mahindra & Mahindra. Mr. Zeman, who is heading a high level business delegation to India, said, he particularly identified power, engineering, equipment manufacture, textiles, pharmaceuticals, information technology and agro-based industries as sectors in which both countries could benefit from technology transfers, upgradation and joint ventures.

Mr. Zeman is the first Czech Prime Minister to visit India and he told delegates at a seminar on Indo-Czech business potential in Mumbai that he would take up the matter of promoting technology transfer in key sectors such as automobile, engineering, power and textiles with the Indian Prime Minister, Mr. Atal Behari Vajpayee, during his meeting with him in New Delhi.

The Maharashtra Industries Minister, Mr. Patangrao Kadam, while addressing the seminar, said the State Government on its part would also take up the matter of reviving the Skoda automobile project in Aurangabad with the Centre. Bilateral trade between India and Czech Republic is at a level of only $600 million.

Send this article to Friends by E-Mail

Section  : Business
Previous : FDIs worth Rs. 832 cr. cleared
Next     : Citibank to market Royal Sundaram products