Hungarian State Secretary for Foreign Affairs and External Economic Relations Péter Szijjártó agreed with Indian officials on Thursday to explore setting up a joint financial fund to support cooperation between the countries' small and medium-sized firms.

Photo: Prime Minister’s OfficeThe sides also agreed to step up cooperation on vehicle parts manufacturing, farm technology and renewable energy research.

The State Secretary met the co-chairman of the Hungarian-Indian Joint Economic Committee Saurabh Chandra in Delhi, as well as State Secretary for Foreign Affairs Preneet Kaur and Executive Director of the Automotive Component Manufacturers Association (ACMA) Vinnie Mehta.

Photo: Prime Minister’s OfficeOn Friday, Mr Szijjártó will continue talks in Mumbai with Neera Saggi, President of the Bombay Chamber of Commerce and Industry (BCCI), CEO of the city's stock exchange Ashishkumar Chauhan and B. Muthuraman, Vice-chairman of the TATA group.

State Secretary Szijjártó is performing the groundwork for an official visit to India by Prime Minister Viktor Orban in October.

(Prime Minister’s Office)