Prez Kovind’s words echoed in Croatia “Recent changes in India hugely transformational for country's economic growth”

Zagreb, March 28: Indian relations with Croatia got a boost by President Ram Nath Kovind visit to the country. “India is known as the land of culture and spiritualism in Croatia”, these words of Prez Kovind echoed while addressing the Croatian-Indian Economic Forum on Wednesday.

 

He further said, “may well be the case, but Croatian people need to experience the economic energy, dynamism and vigour of the new India in the making. India is changing and changing fast. The international business community has given a vote of confidence to these changes with new investments. “

President said that during our last financial year, we received US$ 62 billion in foreign direct investment. Indian industry is also reaching out across the world, be it through trade, direct investments or joint collaborations. But numbers often don’t capture the enormous changes taking place or the dynamism that accompanies them. He invited Croatia to partner with India and take advantage of the opportunities that India presents.

 

The President said that in today’s globalized world, we cannot think only in terms of export and import, we must also look at integrating our value and supply chains to derive maximum benefit. He was happy to note that an India-Croatia Business Council has been set in place. He said that we need to energize it and seek its assistance in identifying new areas of cooperation. As Governments, we can be the facilitators for business but business communities are the true spearheads of greater economic engagement. He invited Indian and Croatian businesses to partner with each other for trade, technology and investment collaboration.

Later today, the President addressed the students of the University of Zagreb. The theme of the address was “India – Croatia relations- the way forward”.

President Kovind is in Croatia on the first leg of his three-nation visit. He will leave for Bolivia this afternoon, and will later head to Chile.