Minister Jitin Prasada takes India’s trade and technology pitch to Hungary

Minister of State for Commerce and Industry Jitin Prasada spent three days in Hungary, from 4 to 6 November 2026, pressing for closer trade, investment and technology ties.

Prasada, who is also Minister of State for Electronics and Information Technology, called on the Deputy Speaker of the Hungarian National Assembly and met Hungary's Minister of Science and Technology. The talks covered emerging technologies, research and innovation, and cooperation between industries and research institutions. The Commerce Ministry says the discussion also placed bilateral ties in the wider context of India–European Union relations.

Business and industry

On 5 November Prasada addressed the India–Hungary Business Seminar in Budapest, attended by more than 100 business representatives. He urged companies from both countries to explore new opportunities, build partnerships and deepen industrial cooperation, and pointed to openings from closer India–EU economic engagement.

He visited:

• the Hungarian University of Agriculture and Life Sciences (MATE), to explore cooperation in agricultural research and agri-technology;
• Gedeon Richter Plc., a Hungarian pharmaceutical company that manufactures in India through Richter Themis Medicare (India) Pvt. Ltd.; and
• Foxconn's Hungarian operations, which make data-centre infrastructure, network equipment and AI server technology.

He also met members of the Indian community at the Amrita Sher-Gil Cultural Centre in Budapest.

The release lists no agreements, investment figures or trade targets from the visit.

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Source: official release by the Ministry of Commerce & Industry, issued through the Press Information Bureau, Government of India (06 NOV 2026 3:44PM by PIB Delhi). Read the full official text: Minister of State for Commerce and Industry, Shri Jitin Prasada, Visits Hungary to Strengthen Bilateral Cooperation in Trade, Investment and Technology.