Minister of State for Commerce and Industry, and Electronics and Information Technology, Shri Jitin Prasada, conducted an official visit to Hungary from November 4-6, 2026, to strengthen bilateral economic and technological cooperation. The visit included high-level engagements with Hungarian government officials, including a meeting with the Deputy Speaker of the Hungarian National Assembly focused on strengthening bilateral relations and enhancing cooperation within the India-European Union framework.
Shri Prasada met with the Minister of Science and Technology of Hungary to discuss expanding cooperation in emerging technologies, research and innovation, with specific focus on industry-research institution collaboration. The minister visited the Hungarian University of Agriculture and Life Sciences (MATE), a leading agricultural research institution in Central Europe, to explore potential cooperation in agricultural research, agri-technology innovation, and sustainable agricultural practices.
Industrial engagements included a visit to Gedeon Richter Plc., a leading Hungarian pharmaceutical company with manufacturing presence in India through Richter Themis Medicare (India) Pvt. Ltd., highlighting opportunities for collaboration in pharmaceutical manufacturing, research and development, and healthcare technologies. The minister also visited Foxconn's manufacturing operations in Hungary, which produces advanced data centre infrastructure, network communication equipment, and AI server technologies, exploring opportunities for strengthening cooperation in electronics manufacturing, digital infrastructure, and resilient supply chain development.
On November 5, Shri Prasada addressed the India-Hungary Business Seminar in Budapest, attended by more than 100 business representatives, where he emphasized significant potential for expanding bilateral trade and investment. The seminar focused on opportunities in emerging technologies, electronics manufacturing, pharmaceuticals, agriculture, and other sectors of mutual interest, with particular emphasis on India-European Union economic engagement. An accompanying Indian business delegation participated in B2B meetings with representatives of the Hungarian Chamber of Commerce and Industry (HCCI), Hungarian Export Promotion Agency (HEPA), and Hungarian Investment Promotion Agency (HIPA) to explore potential business opportunities and strengthen commercial linkages.
The visit also included an interaction with the Indian community in Hungary at the Amrita Sher-Gil Cultural Centre in Budapest, acknowledging the diaspora's contribution to strengthening people-to-people ties. The visit reaffirmed India's commitment to strengthening economic and technological partnership with Hungary while contributing to the broader objective of deepening India-European Union partnership.