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Tamil Nadu Industries Minister M.C. Sampath mentioned the State can be a prime destination for the Czech Republic’s defence manufacturing.
“During these times of crisis, new relationships must be built and existing ones should be strengthened,” mentioned Mr. Sampath.
He was talking at a digital convention, ‘Indo Czech Executive Round Table: Doing Business with Tamil Nadu’, organised by The Southern India Chamber of Commerce and Industry (SICCI).
Mr. Sampath mentioned pharma is one other sector with such potential. “With changing global pharmaceutical supply and manufacturing chains, Czech Republic can count on Tamil Nadu as an alternate, credible source of Active Pharmaceutical Ingredient (APIs),” he added.
The Minister additionally highlighted the State’s strengths in vehicle and auto parts, electronics, info know-how (IT) and IT-enabled providers.
Martina Tauberova, Deputy Minister of Industry and Trade for EU Affairs and Foreign Trade, Government of the Czech Republic, mentioned India is an important companion in Asia and there may be a lengthy historical past of collaboration. She additionally famous that Tamil Nadu and Czech Republic share many strengths, together with in conventional industries like engineering, automotive sector, textile and agriculture. “Based on this synergy, we can certainly launch new initiatives and new ways of our enhanced co-operation,” she mentioned.
In his keynote tackle, Milan Hovorka, Ambassador of the Czech Republic in India, mentioned he’s hopeful that Tamil Nadu will return to its pre-COVID-19 standing quickly because of its aggressive testing technique.
Ar Rm Arun, President, SICCI and Honorary Consul of the Czech Republic in Chennai, mentioned that Tamil Nadu is planning to draw investments value $10 bn within the subsequent 5-10 years, and enterprise alternatives embrace automotive, superior engineering, power, electronics, IT, healthcare, textiles and drinks, and defence.
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