Indo-Czech bilateral trade seen at $2 billion

KOLKATA: Czech Republic expects its bilateral trade with India to reach USD 2 billion by 2016.

"In 2014, Czech exports to India was USD 590 million, while imports from India was USD 695.5 million. In 2016, we are aiming that bilateral trade would touch USD two billion," Deputy Head of the Embassy of Czech Republic in India Andrea Kucerova said.

Speaking at an interaction organised by Bharat National Chanmber of Commerce and Industries here today, she said that the trade balance was now in India's favour - a new trend which started two years ago.

India was a major importer of Czech's Tetra trucks used in defence sector and was the key item of the country's exports here, she said.

Kucerova said a number of Indian companies like Mahindra and Infosys had set up manufacturing bases in the Czech Republic.

West Bengal, she said, would be the first destination for the delivery of 19-seater aircraft made by a Czech firm.