Jitin Prasada Strengthens India-Hungary Ties Through Trade and Technology

Minister of State for Commerce and Industry, Shri [Jitin Prasada](/jitin-prasada-strengthens-india-hungary-ties-through-trade-and-technology), embarked on 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 aligns with India's broader strategy to strengthen ties with the European Union. During his stay, Prasada engaged in high-level meetings, explored opportunities in various sectors, and interacted with the Indian community in Hungary.

A key highlight of Prasada's visit was his meeting with the Deputy Speaker of the Hungarian National Assembly. The discussions centered on fortifying bilateral relations and identifying avenues for enhanced cooperation between India and Hungary. This meeting is particularly significant as it reflects both countries' commitment to deepening their partnership, especially in the context of India-EU relations.

Furthermore, Prasada met with Hungary's Minister of Science and Technology. Their dialogue focused on expanding collaboration in emerging technologies, research, and innovation. This engagement aims to foster partnerships between industries and research institutions in both nations, paving the way for joint ventures and technological advancements.

As part of his institutional engagements, Prasada visited the Hungarian University of [Agriculture](/topic/agriculture-msp) and Life Sciences (MATE), a leading research and educational institution in Central Europe. This visit was crucial for exploring potential cooperation in agricultural research and agri-technology. The discussions highlighted the importance of sustainable agricultural practices and innovation, aligning with India's goals of enhancing agricultural productivity and food security.

Prasada's itinerary also included a visit to Gedeon Richter Plc., a prominent Hungarian [pharmaceutical](/topic/healthcare-pharma) company with established operations in India through Richter Themis Medicare. This visit was instrumental in discussing existing industrial linkages and exploring further collaboration in pharmaceutical manufacturing, research, and healthcare technologies. The partnership aims to leverage Hungary's strengths in pharmaceuticals while enhancing India's manufacturing capabilities.

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

Prasada also pointed out the opportunities arising from closer India-EU economic engagement, encouraging businesses from both nations to strengthen commercial linkages. This seminar served as a platform for networking and collaboration, showcasing the commitment of both countries to enhance economic ties.

During his visit, Prasada toured Foxconn's manufacturing operations in Hungary, which focus on advanced data center infrastructure, network communication equipment, and AI server technologies. This engagement highlighted the potential for strengthening cooperation in electronics manufacturing and digital infrastructure. The discussions revolved around developing resilient supply chains and leveraging Hungary's strategic position in Europe for technological advancements.

In a bid to strengthen people-to-people ties, Prasada interacted 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 fostering closer relations between India and Hungary. This engagement reflects India's commitment to nurturing its diaspora and recognizing their role in enhancing bilateral relations.

Shri Jitin Prasada's visit to Hungary marks a significant step towards strengthening India-Hungary relations in trade, investment, and technology. The discussions and engagements during this visit reaffirm India's commitment to enhancing its economic and technological partnership with Hungary. As both countries look to the future, the potential for collaboration in various sectors presents a promising avenue for mutual growth and development.