India's Viksit Bharat reforms boost Slovak industry confidence, spur investment interest
New Delhi, June 15
Industry leaders from Slovakia on Monday expressed strong confidence in India's economic trajectory and reform agenda under the vision of Viksit Bharat, signaling their intent to expand investments, forge technology partnerships, and deepen business engagement with Indian enterprises.
The sentiment emerged during an interaction between Prime Minister Narendra Modi and Slovak Prime Minister Robert Fico with leading Slovak business executives representing sectors such as railways, defence, automotive manufacturing, energy, information technology, healthcare, and advanced engineering.
During the meeting, Prime Minister Modi highlighted India's transformation into a transparent, stable, and investor-friendly economy driven by a series of structural reforms and policy initiatives aimed at improving ease of doing business.
He invited Slovak companies to tap into emerging opportunities across infrastructure, defence manufacturing, renewable energy, digital innovation, semiconductors, artificial intelligence, and healthcare.
Industry representatives welcomed India's reform-driven growth story and expressed optimism about the country's long-term economic prospects. They underscored their interest in strengthening their presence in India through increased investments, joint ventures, technology collaborations, and expansion of business operations.
The executives also welcomed the conclusion of the India-European Union Free Trade Agreement, stating that its implementation would unlock new avenues for trade and investment while further strengthening economic ties between India and European businesses.
The interaction witnessed participation from senior executives of several leading Slovak companies, including Tatravagonka, ESET, Grand Power Ltd, Penta Hospitals International, Matador, VUJE, VIPO, MicroStep-MIS, VRM, Eco Investments, and Klub 500.
The engagement reflects growing economic cooperation between India and Slovakia, with both sides seeking to leverage complementarities in manufacturing, technology, healthcare, defence, and innovation-driven sectors. As India continues its push towards becoming a developed nation under the Viksit Bharat vision, foreign industry leaders are increasingly viewing the country as a key destination for long-term investments and strategic partnerships.
— IANS
Reader Comments
This is the kind of international confidence India needs. As an investor, I've seen India's ease of doing business improve dramatically. The focus on semiconductors, AI, and defence manufacturing is exactly where we should be. Proud to see Indian leadership getting global recognition! 🇮🇳
Slovakia? That's a pleasant surprise! Usually it's the big nations making noise. But these partnerships with smaller European countries show India's holistic approach. Hope the healthcare and IT sectors get proper attention—not just big-ticket defence deals. The real test will be how this trickles down to our small businesses and startups.
Impressive lineup of Slovak companies—from railways (Tatravagonka) to cybersecurity (ESET) to hospitals. This isn't just about money; it's about knowledge transfer. India's Viksit Bharat vision needs partners who bring cutting-edge tech, not just capital. The EU FTA will be a game-changer for our exporters too. Good times ahead! 🚀
All very positive, but I hope we don't repeat the mistakes of the past—letting foreign companies dominate key sectors while our domestic industries struggle. The reforms are good, but we need to protect local manufacturers and startups. Also, why is there no mention of Slovak interest in our renewable energy sector? That's where the real future lies.
This is excellent news! As someone working in IT, I see these EU partnerships creating huge opportunities for Indian engineers and innovators. The Slovak companies like ESET (cybersecurity) and MicroStep-MIS (industrial automation) bring specialist knowledge we need. Viksit Bharat is
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