Union Cabinet has been apprised of the protocol signed earlier between India and Czech Republic in the field of heavy industry, especially in industrial cooperation andfacilities construction.
- The Protocol includes the intent for modernization of the existing facilities in India by the Czech companies, including modernization of three plants of Heavy Engineering Corporation, a Central Public Sector Enterprises under the Department of Heavy Industries at Ranchi, set up with Czech support in the early 1960’s.
The aim of the Protocol is to promote bilateral cooperation between both States of the Parties in the field of heavy industry on the principle of mutual convenience and benefit.
Keys Czech Republic:
- Capital – Prague
- Currency – Czech koruna
- Prime Minister – Bohuslav Sobotka
- President – Milos Zeman
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