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India’s relations with Europe tend to focus on the Old Continent’s western side – and for good reasons. France has emerged as a significant supplier of military equipment, Germany is India’s biggest trading partner within the EU, and the U.K. is a hub for Indian companies. And yet there is certainly room for New Delhi’s relations with other European states to grow, even though their capabilities are much more limited.
For instance, as most of Central Eastern Europe is a part of the EU, the region offers foreign companies access to the European Union’s markets but with lower operation costs than further west. The Apollo Tyres factory in Hungary is a rare case of a major Indian firm investing in the region with probably those considerations in mind.