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Hungary's R&D Minister Károly Molnár and Indian ambassador to Hungary Ranjit Rae laid the cornerstone of a more than Ft 2 billion (€7.72 million) R&D center in Budapest on Wednesday.
EL-TECH Center, which is being set up by a consortium of four companies, will host 8-10 technology companies and provide work for about 300 people, said Károly Kazi, managing director of BHE Bonn Hungary, a member of the consortium that operates in partnership with an Indian company. (MTI – Econews)