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.

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.