A delegation headed by Telecommunications and IT Minister Sachin Pilot represented India at the international Cyber Space Conference in Budapest, October 4-5, 2012. Foreign Minister János Martonyi had bilateral discussions with the Indian Minister at the event on October 5.

The Hungarian Foreign Minister emphasized that Hungary greatly appreciated India’s active role in the international dialogue concerning global cyber security. Minister Sachin Pilot spoke approvingly about the investment experience of Indian IT companies in Hungary, and he pointed out that there were still opportunities to be developed in the cooperation between the two countries. The income of the world-leading IT sector in India is estimated to be around 100 billion US dollars this year. Most of the large Indian IT companies, like Tata Consulting Services, WIPRO, Cognizant, Satyam-Mahindra, are present in Hungary, which demonstrates that both the highly qualified workforce and the favourable economic environment in Hungary meets the high expectations of the Indian companies.

It is an important goal of the Hungarian side that Indian IT firms, such as Infosys, which are not present yet, take into account Hungary as a potential investment target.

(Prime Minister’s Office)