New Delhi, Feb 05: The Czech Republic today said it is mulling further investments in the power, automobile and engineering sectors in India while eyeing new areas like environment and renewable energy. "We are here to renew the age-old business relations with India. We intend to step up our investments in sectors like machine tools, transport, infrastructure and automotive industry while foraying into sectors like environment and renewable energy," Czech trade and industry minister Jiri Rusnok told reporters here.
"India is seen as a very important and prospective market. We see India as a region for possible investments," Rusnok said, adding that his country would make initiatives to cooperate with India in areas like culture, sports and human resources besides trade.
"As for the future of mutual commercial and economic cooperation, we feel that the volume of bilateral trade so far achieved does not correspond to the possibilities of both economies," Rusnok said expressing the need to "explore and identify ways for trade expansion."
The volume of bilateral trade, according to Czech statistics, recorded a 300 per cent growth in 2002 touching USD 250 million, he said.
Bureau Report