Jitin Prasada Strengthens India-Hungary Ties Through Trade and Technology

Minister of State for Commerce and Industry, Shri Jitin Prasada, undertook a significant visit to Hungary from November 4 to 6, 2026, aimed at enhancing bilateral cooperation in trade, investment, and technology. This visit underscores the growing momentum in India-Hungary relations and reflects India's commitment to strengthening its economic ties with European nations. During his trip, Prasada engaged in high-level meetings, explored opportunities in various sectors, and interacted with the Indian community in Hungary.

Shri Jitin Prasada's itinerary included crucial discussions with key Hungarian officials, including a meeting with the Deputy Speaker of the Hungarian National Assembly. The dialogue focused on strengthening bilateral relations and exploring avenues for enhanced cooperation between India and Hungary. This interaction is particularly significant as it aligns with the broader context of India-European Union relations, which have been evolving in recent years.

In addition to the Deputy Speaker, Prasada met with Hungary's Minister of Science and Technology. Their discussions centered on expanding collaboration in emerging technologies, research, and innovation. Both parties expressed a desire to foster greater partnerships between industries and research institutions, which could lead to significant advancements in technology and innovation.

A highlight of Prasada's visit was his tour of the Hungarian University of [Agriculture](/topic/agriculture-msp) and Life Sciences (MATE), a leading institution in agricultural research and education in Central Europe. This visit provided an opportunity to discuss potential cooperation in agricultural research, agri-technology, and sustainable practices. The focus on agriculture is particularly relevant given the increasing importance of food security and sustainable agricultural practices in both nations.

Shri Prasada also visited Gedeon Richter Plc., a prominent Hungarian [pharmaceutical](/topic/healthcare-pharma) company with established operations in India through Richter Themis Medicare (India) Pvt. Ltd. This visit highlighted the existing industrial linkages between the two countries and opened discussions on further collaboration in pharmaceutical manufacturing, research and development, and healthcare technologies. The pharmaceutical sector is a key area for both nations, and enhancing cooperation could lead to improved healthcare outcomes and economic benefits.

On November 5, Prasada addressed the India-Hungary Business Seminar in Budapest, attended by over 100 business representatives. During his address, he emphasized the significant potential for expanding bilateral trade and investment. He urged Indian and Hungarian companies to explore new business opportunities and forge stronger partnerships. The Minister highlighted sectors such as electronics manufacturing, pharmaceuticals, and agriculture as areas ripe for collaboration.

Prasada's visit to Foxconn's manufacturing operations in Hungary further underscored the potential for cooperation in electronics manufacturing and digital infrastructure. Foxconn's engagement in advanced data center infrastructure and AI server technologies aligns with India's push for digital transformation and resilient supply chains.

In addition to official meetings and business engagements, Shri Jitin Prasada took time to interact with members of the Indian community in Hungary at the Amrita Sher-Gil Cultural Centre in Budapest. He acknowledged the contributions of the Indian diaspora in strengthening people-to-people ties and fostering closer relations between India and Hungary. This engagement reflects the importance of cultural diplomacy in enhancing bilateral relations.

Shri Jitin Prasada's visit to Hungary marks a significant step towards strengthening India's economic and technological partnership with Hungary. The discussions and engagements during this visit are expected to provide further impetus to bilateral cooperation in trade, investment, innovation, and industrial development. As India seeks to deepen its ties with the European Union, this visit serves as a crucial link in enhancing India-Hungary relations and exploring new avenues for collaboration.

The visit not only highlights the potential for economic collaboration but also reinforces India's commitment to fostering strong ties with European nations, paving the way for a more integrated and cooperative future.