President Murmu highlights trade potential in Serbia business forum

Underlining the large potential for India-Serbia trade and investment, President Droupadi Murmu has urged to "take advantage" of the economic partnership between the two countries.
President Murmu, who is in Serbia in the last leg of her two-nation visit, was addressing the India-Serbia Business Forum in Belgrade on June 8. Murmu was also called on by Serbian PM Ana Brnabic.
At the outset of her address, she thanked Serbian President Aleksander Vucic for making this event possible.
Murmu said, "India and Serbia have had close and friendly relations since the days of the Non-Aligned Movement. It is now time to build on this, and strengthen our trade and economic partnership."
She also highlighted the growing Indian economy saying that it continues to perform well and is one of the fastest-growing major economies in the world.

"It is the fifth-largest economy and is on its way to becoming the third-largest before the end of this decade. We have seen significant success in the auto and auto-components sector, health care, pharmaceuticals and biotechnology, renewable energy, textiles & apparel, space, information technology, telecom, fintech, and financial services," President Murmu added.

The President then spoke on the growing digital capability of India with IT parks and electronic cities mushrooming across the country.

The two Presidents has also agreed to set a target for bilateral trade from the present 32 crore Euros to one billion euros by the end of the decade, as per the Ministry of External Affairs.


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