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Home arrow Power and Energy arrow Czech Republic Shows Keen Interest in Indian Power Sector
Czech Republic Shows Keen Interest in Indian Power Sector Print E-mail
Written by Viswanath   
Tuesday, 11 October 2011
New Delhi: A high level delegation from Czech Republic led by Czech Industry & Trade Minister Mr. Martin Kocurek met Minister of State for Power Shri K.C. Venugopal in New Delhi today. The delegation consisting of three Ministers of Czech Republic and officials and heads of industries of the country appreciated the capacity addition efforts of the Ministry of Power.

They showed keen interest in availing opportunities opened up in power sector as a result of capacity addition measures taken up by the Ministry of Power.

K.C. Venugopal apprised the delegation about the opportunities available in power sector, especially related to manufacturing of Main Plant and Balance of Plant equipment. The Minister also asked Czech companies to avail consultancy services from Indian Power Sector Corporations in the transmission sector. He also apprised them of the credible and cost effective testing & certification facilities available in India which can be accessed by foreign electrical equipment manufacturers.

Anand Sharma, Union Minister of Commerce, Industry & Textiles, has upgraded the Joint Commission for Economic Cooperation with Czech Republic to Ministerial level and has also accepted the invitation of his Czech counterpart for the next meeting of the Commission. Both the sides have also agreed to take the bilateral trade to US $ 2 billion by 2012 from current level of US $ 1.3 billion which in itself is an increase of 26% from the earlier year. The Czech Minister for Industry & Trade, Mr. Martin Kocourek, met Shri Anand Sharma with a high-level Czech delegation here today.

Shri Sharma also stressed the need of a liberal visa regime for business people and suggested that a system of issue of long-term business visa on the recommendations of apex business chambers should be put in place. The Czech Minister agreed that visa regime needs to be addressed more forcefully and informed the Indian side that next week their government will discuss Investment Incentive Act for the Czech Republic and corresponding resolution of visa related issues will form part of the discussion.

On the ongoing India-EU BTIA negotiations, the Czech Minister assured of his country’s support to the negotiations and informed the Indian side that his country is the liberal wing of EU politicians and fully supports the negotiations. Shri Sharma on his part briefed him about his conversation with EU Trade Commissioner, Mr. Karl De Gucht on Friday where both the leaders emphasized that the negotiations should be concluded before the upcoming India-EU Summit.

Shri Sharma expressed happiness over the fact that Czech Republic has launched a National Strategy of Competitiveness. He also informed the Czech Minister that there is a great potential ‘to improve the width and depth of economic engagement between the two countries especially in the areas of information technology, pharmaceuticals, textiles and energy.

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