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.

Prime Minister and Vilnius mayor to discuss use of former prison and stadium funding

Lithuanian Prime Minister Saulius Skvernelis is meeting with Vilnius Mayor Remigijus Simasius on...

Numavicius' company plans EUR 200 mln investment in Riga

M.M.M. Projektai , a real estate company owned by Lithuanian businessman Nerijus Numavicius ,...

Prime Minister: government mulls new taxes on property and polluting cars

Lithuanian Prime Minister Saulius Skvernelis says the governmen t is considering broadening the...

Sources: Lithuanian refinery imported contaminated Russian crude company denies claims

Polish-owned Lithuanian crude refiner Orlen Lietuva appears to have imported a cargo of Russian oil...

Prime Minister expects LNG terminal charge to be cut in December

Lithuanian Prime Minister Saulius Skvernelis expects that the Energy Ministry 's row with Achemos...