India will host Prime Minister Viktor Orbán on a state visit in October, the Hungarian Foreign Ministry said on Tuesday. Deputy State Secretary for Global Affairs, Szabolcs Takács, held talks in New Delhi with senior foreign affairs officials, who told him that the Prime Minister would be welcomed in India in October.
The two sides surveyed Hungarian-Indian relations and the bilateral agreements to be signed in the near future, with economic cooperation in the focus. The value of trade between the two countries exceeded $840 billion in 2012, with a positive balance of €135 million euros for Hungary. Hungarian export largely consists of mobile phones, electric machines, and data processing equipment.
Indian direct investment in Hungary amounts to nearly $1.3 billion, and provides employment for about 6200 currently. Altogether, 8,000 to 9,000 Hungarians are in working relation with Indian firms.