India welcomes Lithuanian companies to explore its markets, said India's Minister of State (MOS) for External Affairs, Mr M.J. Akbar, in a meeting with business leaders of Lithuania. The exchange took place at the prestigious Confederation of Lithuanian Industry, in Vilnius on 26 May. The Confederation, which comprises 3,000 companies engaged in over 50 sectors, is headed by Mr Robertas Dargis, one of the most successful entrepreneurs in the country. Lithuanian business is looking for new markets beyond Europe.
A.Bisaria, M.J.Akbar. Photo © Ludo Segers

While commending the success of the Lithuanian economy, Mr Akbar exhorted Lithuanian business to strongly consider making in india, which itself offers a 1.2 billion market, 600 million skilled and employable youth and a strong and enabling Government, which is firmly set on achieving high levels of economic growth to meet people's aspirations. He highlighted the Indian opportunity, with the over 2 trillion dollar economy projected to double every 7-8 years, through growth triggered by transformational reform. Lithuania, as a strong friend, would be welcomed in India to partner in this success story, the Minister remarked.

Ambassador Ajay Bisaria emphasized the growing bilateral trade which rose by 25 % to reach US $ 335 million last year and urged Lithuania's industry to actively participate in India's upcoming mega business events, mainly IIFT and World Food India 2017.

The discussions also revolved around opportunities for Indo-Lithuanian cooperation in areas such as IT, pharmaceuticals, renewable energy, lasers, medical devices, agriculture, chemicals, healthcare, education and tourism.

Finance Minister: Lithuania won't get into 'excise wars' with Estonia, Latvia

Lithuania has no intention of following in the footsteps of Estonia and Latvia by cutting excise...

Crisis investigators in principle approve final conclusions

The Lithuanian Seimas' Committee on Budget and Finance , investigating the circumstances of the...

Preparations for possible Astavyet's accident discussed

A temporary group of the Lithuanian Seimas will on Wednesday discuss the country's preparation for a...

Watchdog: Google won't ban use of its servers to access file-sharing site

Mantas Martisius, the chairman of the Lithuanian Radio and Television Commission ( LRTK ), says the...

IMF: Lithuania is better prepared for challenges

Lithuania's economy is stable and the country is better than ever prepared for challenges, the head...