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Thursday, October 17, 2013

India & Hungary sign six pacts including Defence, Health & Sports

India and Hungary today signed six pacts in various sectors including health, sports, cultural exchange, defence and Science and Technology. The pacts were inked after delegation level talks between the Prime Minister Dr. Manmohan Singh and his Hungarian counterpart Viktor Orban in New Delhi this evening.

In his media statement, Prime Minster Dr. Manmohan Singh said, the two countries stressed the need to create a global framework to fight terrorism.

Dr. Singh said that terrorism and extremism pose a common threat and both the countries decided to deepen their cooperation in this regard. He said that the two countries are also making important contribution to security and development in Afghanistan.

The Prime Minister said that the two counties also decided to double their annual contribution to Joint Strategic Research Fund to two million Euros.

He pointed out, the move will help the two countries to undertake new projects involving high-end technologies.

Prime Minister urged the Hungarian prime minister to extend his support for an early conclusion of the India- EU broad based trade and investment agreement to enhance the trade and investment flows between the two countries.

In his statement Hungarian Prime Minister, Viktor Orban said his country supports India's bid for a permanent seat in the United Nations Security Council. He also appreciated India's economic growth during the last ten years despite global financial crisis.

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