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India, Hungary sign agreements in farm, science and technology sectors
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ANI India on 19 January, 2008 04:25:00
 
India and Hungary signed agreements in different sectors, ranging from farm to
family welfare and science and technology, on Friday evening.
The pacts came after talks between Prime Minister Dr. Manmohan Singh and his
Hungarian counterpart Ferenc Gyurcsany, who is on a four-day to India.
Several Indian companies have a presence in Hungary in various sectors such as
pharmaceuticals, Information Technology, power and auto-components.
Bilateral trade between the two countries is on a growth path. In 2006-2007
Indian exports to Hungary amounted to 142.5 million dollars, while imports were
128.3 million dollars.
Hungary, an important member of the European Union and a member of the Nuclear
Suppliers Group (NSG), supports India's candidature for permanent seat in the
expanded UN Security Council. (ANI)