Slovenian Ambassador to India Calls for More Investment

By , 25 Feb 2018, 11:26 AM Business
Slovenian Ambassador to India Calls for More Investment Made by JL Flanner using materials from Wikimedia

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Mr Drofenik noted the potential in the tourism, hospitality, automotive and pharmaceutical sectors. 

February 25, 2018

The Indian-based Business Standard reports that Slovenia’s ambassador to India, Mr Jožef Drofenik, spoke on Saturday at the Merchants' Chamber of Commerce & Industry in Kolkota, at an event titled “Doing Business with Slovenia.” Mr Drofenik highlighted the opportunities for Indian investors in Slovenia, noting the country’s highly skilled workforce and relatively low labour costs, as well as the nation’s strategic location between the markets of Southeast Europe and the more developed ones to the North and West. He called for Indian businesses to look into setting up more joint ventures in Slovenia, “particularly in the areas of tourism, hospitality, automotive and medicines”, noting that there are currently not enough hotels or Indian restaurants in the country.

There are currently at least four Indian firms considering investing in Slovenia, with three in the automotive industry. Mr Drofenik also noted that in 2017 bilateral trade between the two nations was about 190 million EUR, with this likely to increase when the India-EU Free Trade Agreement is in place.

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