Lithuania seeks investments in IT, pharma

Lithuania says it is open to Indian investments in the info-tech and pharmaceuticals sectors. Lithuania is one of the three Baltic countries located in Northern Europe.

“We are developing Free Economic Zones especially to attract investments in sectors like IT, financial and business consulting and pharmaceuticals sectors. India should increase its share of trade with Lithuania,” Mickeviciene, Minister Counsellor, Republic of Lithuania, told reporters here on Thursday.

She was addressing an interactive session on economic relations between the two countries organised by the MCC Chamber of Commerce and Industry.

The bilateral trade between India and Lithuania stood at nearly $209 million in 2010-11, as against $139 million in 2009-10.

Mickeviciene also emphasised on improving bilateral research opportunities in science and technology including solar energy and biotechnology.

“Currently, negotiations are on with the Indian government for a science and technology agreement,” she said.

According to Mickeviciene, the Euro Zone crisis has been hyped up by the Indian media. “Though there are (still) factors to deal with, we have come forward with reasonable growth in the economy,” she said.

> ayan.pramanik@thehindu.co.in