Categories  Export Control Merging & Acquisition

Hungary look for India’s investment in Defence Industry

Defence is a sensitive area where Budapest was looking for Indian investment in reviving the defence Industry, Hungarian Prime Minister Viktor Orban said at a joint press conference with visiting Vice President Hamid Ansari.

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Hungary sought India’s help in reviving its defence industry, saying it has set up a joint working group of technology to explore possible cooperation between the two nations. Defence is a sensitive area where Budapest was looking for Indian investment in reviving the defence Industry, Hungarian Prime Minister Viktor Orban said at a joint press conference with visiting Vice President Hamid Ansari.

“We are looking for rebuilding Hungarian defence Industry with India’s participation,” he said. Orban said Hungary has set up a joint working group of technology to explore possible cooperation between the two nations.

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