President Petro Novotny's direct talks with the Prime Minister of India and his increasing commitment to local production and partnerships strengthen Škoda Group's position on 1 of the world's fastest increasing markets.
Škoda Group intensifys its presence in India, treating this country as 1 of the key directions of strategical expansion. The impetus for further improvement was the conversation between the president of Petra Novotny and Prime Minister Narendra Modi, the first specified gathering of the Czech manufacture typical at specified a advanced level.
The talks form part of a broader context of increasing economical cooperation between India and the European Union, reinforced by the fresh conclusion of the FTA negotiations. India's dynamic economical growth, projected at 6–7% per year, makes this marketplace 1 of the most forward-looking for European companies.
Škoda Group focuses on the long-term presence of local production, technology transfer and industrial partnerships. A key component of this strategy is cooperation with Tata AutoComp Systems of the Tata group, focused on the production of components and traction systems for rail transport in India.
The company besides sees large possible in digitising public transport and developing sustainable mobility, which is 1 of the priorities of the Indian government. The plans besides include the improvement of educational initiatives specified as Škoda Academy, and the construction of a production and export hub serving another regions of the world.
The gathering with Prime Minister Modi is considered a breakthrough not only for the company itself, but besides for the Czech economy. It can open the way for another Czech companies to enter the Indian marketplace and strengthen cooperation in the area of infrastructure, transport and modern technologies. inf.
