Prague, 27 November 2024
In a bid to bolster economic partnerships and foster collaboration, the Embassy of India Prague, in association with CzechTrade, organized the "Invest and Make in India 2.0" event, aimed at attracting Czech businesses to explore investment opportunities in India. The event provided a platform for fruitful discussions and networking, showcasing India’s dynamic growth sectors and the immense potential for cross-border collaboration.
A Welcoming Address by Chargé d’Affaires Abhijit Chakraborty
The event kicked off with a warm welcome from Abhijit Chakraborty, Chargé d’Affaires at the Embassy of India. He emphasized the strong and enduring partnership between India and the Czech Republic, highlighting the vast opportunities awaiting Czech businesses in India. The ongoing economic cooperation between both nations is laying a solid foundation for further expanding trade and investment opportunities.
Insights from Invest India Experts
The session continued with valuable insights provided by Bhushan T., Assistant Vice President for Europe at Invest India, who detailed India’s growth trajectory and the vast opportunities available across various sectors. Along with him, experts such as Pratyush Kumar, Senior Manager for Construction, Warehousing, and Railways, and Agni Jasthi, Representative for the Cyber Security sector, underscored strategic opportunities for Czech investors in India’s rapidly evolving industries.
India’s Space Innovation and International Collaboration
A particularly intriguing session was led by Dr. Vinod Kumar, Director at the Promotion Directorate of the Indian National Space Promotion & Authorization Centre (IN-SPACe). Dr. Kumar shared India’s ambitious initiatives in space innovation, highlighting the country’s openness to international collaboration in space technology, satellite applications, and other advanced areas. The session showcased the immense scope for Czech companies to partner with India in the thriving space sector.
CzechTrade’s Role in Facilitating Business Ventures
Petr Buchtyar, Consultant for CzechTrade, shared the organization’s role in facilitating cross-border business ventures, providing Czech businesses with essential guidance and support when entering new markets, particularly India. He also introduced CzechTrade Mumbai, emphasizing the growing opportunities for Czech firms in India’s diverse sectors.
Practical Strategies for Success in India’s Market
Suhaan Mukerji, a regulatory and investment expert, wrapped up the session by providing practical strategies and best practices for businesses looking to enter the Indian market. His insights on navigating regulatory frameworks, understanding market dynamics, and identifying growth areas were valuable for Czech companies considering India as a key investment destination.
Panel Discussion: Real-World Experiences from Czech Companies in India
The conference concluded with an engaging panel discussion, moderated by Hana O. Director CzechTrade India - Bengaluru, featuring Czech companies that have successfully established their presence in India. Panelists shared their real-world experiences, actionable advice, and lessons learned while navigating India’s vibrant and competitive market. Their stories provided valuable guidance for businesses looking to tap into India’s growth potential.
A Strong Foundation for Future Collaborations
The "Invest and Make in India 2.0" conference highlighted India’s commitment to strengthening its economic ties with the Czech Republic, creating a win-win environment for both nations. The event reinforced the strategic importance of bilateral economic cooperation and demonstrated the vast opportunities available for Czech businesses in India’s thriving market.
"We extend our heartfelt gratitude to all the participants, speakers, and partners for making this event a tremendous success. The collaboration between India and the Czech Republic continues to grow, and this event marked a significant step in building a robust economic partnership between the two nations," mentioned Abhijit Chakraborty, Chargé d’Affaires - Embassy of India, Czech Republic.
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