Péter Szijjártó told MTI by phone that he had held talks with representatives of automotive, electronics and energy companies, including Tata Sons and the Mahindra and Hinduja groups, based in and around the city.

Agreements were reached on these companies making investments that exploit Hungary’s geostrategic importance, its well-trained workforce and incentives such as Europe’s lowest corporate tax rate, he said.

The new jobs will be distributed across Hungary, primarily in the automotive industry, in service centres and the renewable energy sector, Szijjártó said.

Around 40 large-scale Indian companies operate in Hungary, employing over 10,000 people, Szijjártó noted. He also held talks in Mumbai with Bhagat Singh Koshyari, the governor of the state of Maharashtra.