GlobalFinanceInFocus

Vice President Venkaiah Naidu Emphasized on Startups for India-Portugal Collaboration

Sharing is caring!

Presently on an official trip to Brussels, Vice President M. Venkaiah Naidu emphasized that India and Portugal should look for collaboration in various areas including startups.

In a bilateral meeting with the Prime Minister of Portugal, Mr. Antonio Costa, at the EU headquarters building, Naidu said that India and Portugal should collaborate in new areas of cutting-edge technology.

He said that defence, space, infrastructure and startups are areas that offer potential business opportunities.

He also thanked Portugal for reiterating its support for India’s permanent membership of the UN Security Council.

He mentioned that India’s inclusion in the UNSC will bolster the credibility and effectiveness of the United Nations.

Prime Minister Costa said that he was happy with the ongoing positive momentum in the bilateral relations. He said that India-Portugal bilateral trade was on the rise and that Portuguese companies were encouraged by the potential of the Indian market.

He mentioned that Vision-Box, a Portuguese technology company had recently secured a contract from Bengaluru International Airport to facilitate seamless and paperless air travel using facial recognition biometric technologies.

He also mentioned that Portugal had recently signed a MoU with Goa for a pilot project for water supply and waste water management as part of the Panaji Smart City initiative.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

Related Articles

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: