Military

Howitzers for Indian army from Slovakia: Slovak minister

IRNA - Islamic Republic News Agency

New Delhi, Nov 13, IRNA
India-Slovak-Minister
Slovak Minister of Economy, L'ubomir Jahnatek on Monday called for sourcing more arms for the Indian Army's massive program of modernization of the artillery and offered armored and towed howitzers, caterpillar-wheeled and wheel-type armored howitzers.

Addressing the Indo-Slovak Business Forum under the aegis of Federation of Indian Chamber of Commerce and Industry (FICCI) here, Jahnatek said: "The market potential of this product is of interest.

It is being manufactured for the Slovak military. Interest in the product has been evinced by India, Malaysia, Indonesia, Greece and Columbia as well as by the Czech Republic, Finland and Norway.

"Customers from India, Malaysia and Indonesia have declared their interest more specifically by moving towards shooting tests." The Slovak minister said, thanks to its income tax rate of 19 percent, Slovakia now belongs to the countries with the lowest tax burden.

He said that an effective mechanism is in place to foster the influx of important foreign investment.

"The number of industrial zones is growing and SARIO, the Slovak agency for promoting inbound foreign investments is ready to help investors in their start-up stage, provide them with services free of charge and direct them with respect to their activities in the Slovak market," he concluded.

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