<p class="title">India’s growing market offers great opportunities to Lithuania, Vice President M Venkaiah Naidu said on Monday, as he sought a strong technology partnership with the country in areas like the agro-food processing sector.</p>.<p class="bodytext">Naidu arrived here on Saturday on the first leg of his five-day three-nation tour that will also take him to Latvia and Estonia. This is the first-ever high-level visit from India to the three Baltic countries.</p>.<p class="bodytext">Addressing the India-Lithuania business forum, Naidu highlighted the complementarities in the economies of the two countries.</p>.<p class="bodytext">"Lithuania has been an important partner for India in Europe as both countries share the common values of democracy, freedom and rule of law," Naidu said.</p>.<p class="bodytext">"Both our countries are marching together on the road to successfully creating a free, transparent and robust business environment," he said.</p>.<p class="bodytext">Naidu said he was delighted to address the prestigious Business Forum aimed at furthering economic cooperation between India and Lithuania.</p>.<p class="bodytext">"This forum is a signature of trust that Lithuania places in our business co-operation. I am happy that companies from India are participating in this forum," he said.</p>.<p class="bodytext">"India’s growing market offers great opportunities to Lithuanian business. India has a rising middle-class market and 60 per cent of our population comprises of skilled youth under 35 yrs of age. It is the 6th largest economy in the world, set to attain a size of USD 5 trillion by 2024-25," Naidu said.</p>.<p class="bodytext">He said India has been successfully reforming and transforming it's business environment to attract investments at a huge scale.</p>.<p class="bodytext">India presents a model of successful cooperative federalism, wherein huge states are equal partners in fostering growth and development, he said.</p>.<p class="bodytext">"India-Lithuania bilateral trade has huge potential for growth. We must double our efforts and explore more and more areas of cooperation and engagement between India and Lithuania," he said.</p>.<p class="bodytext">"Our economies have many complementarities which can be leveraged for mutually beneficial cooperation. I also visualise Lithuania as a strong technology partner for India in various areas of opportunity such as agro-food processing, since Lithuania has strengths in dairy and cheese production. Such technologies would be appreciated in India's mega food parks," he said.</p>.<p class="bodytext">"The opportunities for our economic and commercial cooperation between India and Lithuania are therefore numerous. I invite the leaders of the Lithuanian industry to visit India and take personal note of the immense advantages of the Indian market, " he said.</p>.<p class="bodytext">Naidu earlier paid homage to the fallen heroes of the Lithuanian struggle for independence at the cemetery in Vilnius.</p>
<p class="title">India’s growing market offers great opportunities to Lithuania, Vice President M Venkaiah Naidu said on Monday, as he sought a strong technology partnership with the country in areas like the agro-food processing sector.</p>.<p class="bodytext">Naidu arrived here on Saturday on the first leg of his five-day three-nation tour that will also take him to Latvia and Estonia. This is the first-ever high-level visit from India to the three Baltic countries.</p>.<p class="bodytext">Addressing the India-Lithuania business forum, Naidu highlighted the complementarities in the economies of the two countries.</p>.<p class="bodytext">"Lithuania has been an important partner for India in Europe as both countries share the common values of democracy, freedom and rule of law," Naidu said.</p>.<p class="bodytext">"Both our countries are marching together on the road to successfully creating a free, transparent and robust business environment," he said.</p>.<p class="bodytext">Naidu said he was delighted to address the prestigious Business Forum aimed at furthering economic cooperation between India and Lithuania.</p>.<p class="bodytext">"This forum is a signature of trust that Lithuania places in our business co-operation. I am happy that companies from India are participating in this forum," he said.</p>.<p class="bodytext">"India’s growing market offers great opportunities to Lithuanian business. India has a rising middle-class market and 60 per cent of our population comprises of skilled youth under 35 yrs of age. It is the 6th largest economy in the world, set to attain a size of USD 5 trillion by 2024-25," Naidu said.</p>.<p class="bodytext">He said India has been successfully reforming and transforming it's business environment to attract investments at a huge scale.</p>.<p class="bodytext">India presents a model of successful cooperative federalism, wherein huge states are equal partners in fostering growth and development, he said.</p>.<p class="bodytext">"India-Lithuania bilateral trade has huge potential for growth. We must double our efforts and explore more and more areas of cooperation and engagement between India and Lithuania," he said.</p>.<p class="bodytext">"Our economies have many complementarities which can be leveraged for mutually beneficial cooperation. I also visualise Lithuania as a strong technology partner for India in various areas of opportunity such as agro-food processing, since Lithuania has strengths in dairy and cheese production. Such technologies would be appreciated in India's mega food parks," he said.</p>.<p class="bodytext">"The opportunities for our economic and commercial cooperation between India and Lithuania are therefore numerous. I invite the leaders of the Lithuanian industry to visit India and take personal note of the immense advantages of the Indian market, " he said.</p>.<p class="bodytext">Naidu earlier paid homage to the fallen heroes of the Lithuanian struggle for independence at the cemetery in Vilnius.</p>