PM Modi Invites Slovak firms to expand investments in India during business leaders’ interaction

Prime Minister Narendra Modi on Monday held an interaction with leading Slovak business and industry representatives alongside Slovak Prime Minister Robert Fico, highlighting India’s growing economic opportunities and inviting companies from the Central European nation to deepen their engagement through investments, technology partnerships and joint ventures.

‎According to an official government release, the interaction brought together prominent business leaders from sectors including railways, defence, automobiles, energy, information technology and healthcare, reflecting the expanding scope of economic cooperation between India and Slovakia.

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‎During the meeting, Modi welcomed the increasing business-to-business engagement between the two countries and underscored the transformative economic reforms undertaken by India in recent years. He said the government’s initiatives aimed at improving the ease of doing business had helped create a transparent, stable and investor-friendly environment for global investors.

‎The Prime Minister encouraged Slovak companies to explore emerging opportunities in India across key sectors such as infrastructure, defence manufacturing, renewable energy, digital innovation, semiconductors, artificial intelligence and healthcare.

‎”Prime Minister Modi appreciated the expanding business-to-business engagement between India and Slovakia and highlighted the major reforms and policy initiatives introduced by India in recent years to promote ease of doing business and foster a transparent, stable and investor-friendly economic environment,” the release said.

‎The interaction comes as India seeks to strengthen economic ties with European partners and attract greater foreign investment to support its long-term development goals under the vision of “Viksit Bharat”, which aims to transform India into a developed nation by 2047.

‎Industry leaders participating in the event expressed confidence in India’s economic trajectory and welcomed the reforms being undertaken by the government. They conveyed their interest in expanding their presence in the Indian market through increased investments, technology collaborations and joint ventures with Indian enterprises.

‎The business representatives also welcomed the conclusion of the India-European Union Free Trade Agreement, saying its implementation would create fresh opportunities for trade and investment and further strengthen commercial linkages between India and European businesses.

‎According to the release, the industry leaders noted that the agreement would help unlock new business opportunities and facilitate deeper economic cooperation between Indian and European companies.

‎Among those who attended the interaction were Alexej Baljajev, Chairman of Tatravagonka; Peter Malec, Vice-Chairman of Tatravagonka; Robert Spisak, Chairman of AZC Group; Richard Marko, Chief Executive Officer of ESET; Parvinder Walia, President of the Asia-Pacific Region at ESET; Jaroslav Kuracina, CEO of Grand Power Ltd; Peter Lednicky, CEO of Penta Hospitals International; Stefan Rosina, CEO of Matador; Rajesh Sabne, Managing Director and CEO of Matador Technologies India Pvt. Ltd.; Matej Korec, General Director of VUJE a.s.; Peter Duchovic, CEO of VIPO; Andrej Bencel, Head of Digital Competence at VIPO; Jozef Omelka, Managing Director of MicroStep-MIS; Richard Varga, Chairman and CEO of VRM; Eduard Cristea, Marketing Manager of VRM; Miloslav Curilla, Member of the Board of Directors of Eco Investments; and Tibor Gregor, Executive Director of Klub 500.

‎The interaction formed part of Modi’s engagements in Slovakia aimed at expanding bilateral cooperation beyond traditional areas and fostering stronger economic and technological partnerships. The meeting also highlighted the growing interest among Slovak companies in leveraging India’s large market, skilled workforce and rapidly expanding manufacturing and innovation ecosystem as both countries seek to elevate their economic relationship.