Bosnia and Herzegovina–India relations

Bosnia and Herzegovina-India relations

Bosnia and Herzegovina
India

Indian-Bosnia and Herzegovina relations are the bilateral ties between India and Bosnia and Herzegovina. Budapest is concurrently accredited to Sarajevo as resident mission and embassy purposes while Bosnia and Herzegovina has its office in New Delhi.[1]

History

India and Bosnia & Herzegovina (BiH) enjoy warm and friendly relations and BiH regards India has a great variety in the cultural and the religious democracy and BiH relates herself with India in such perspectives. Yugoslavia reminds of Jawaharlal Nehru and Josip Broz Tito relations and it is more interesting to observe that Nehru and Indira Gandhi are still found as household names in some regions of the country.[1]

Economic relations

Trade between Bosnia and India is modest in the range of US$ 50 million. The main reason behind the trade not high enough are insufficiency of enough finances and awareness augmented with banking network which is weak between the both nations as well as lack of reliable credit facilities. Bosnia being a land-locked country, has the main sea port reliance on the Croatian Port of Ploce due to which, the use of the port is limited.[1][2][3] In 2006, a session was organized related to Joint Trade and Economic Cooperation between Bosnia & Herzegovina and India. Investments were sought in Bosnia and Herzegovina, for which the focussed sectors were textile, auto parts, infrastructure projects and pharmaceutical sectors.[4] An event was organized by the MCC Chamber of Commerce and Industry which was focused on India-Bosnia & Herzegovina economic relations and investment opportunities, where Bosnia-Herzegovina (BiH) ambassador in India, Mr. Sabit Subasic emphasized geo-strategic position of the country and an efficient labour force which could prove benefiacial for Indian entrepreneurs investing there.[5]

Cultural Relations

An exhibition named ‘Meanwhile in India’ was opened in capital of Bosnia-Herzegovina, Sarajevo, in March 2015 where landscapes and images of the everyday life in India were on presentation.[6]

Energy Cooperation

The minister of foreign trade from BiH, in an International Seminar on Energy Access discussed about a study based on India’s renewable energy model and its implementations in Bosnia which would explore huge opportunities for both sides.[7]

References

  1. 1 2 3 "Foreign Relation with Bosnia & Herzegovina". Govt. MEA. September 23, 2015. Retrieved 23 September 2015.
  2. ↑ "Bosnia, Herzegovina seek greater economic cooperation from India". timesofindia-economictimes.
  3. ↑ "Compare". ifitweremyhome.com.
  4. ↑ "Department of Commerce, Government of India". commerce.nic.in. Retrieved 2015-09-28.
  5. ↑ "Bosnia-Herzegovina envoy invites India to invest". Retrieved 2015-09-28.
  6. ↑ http://www.indiatomorrow.net/eng/meanwhile-in-india-photo-exhibition-in-bosnia-herzegovina
  7. ↑ "Bosnia and Herzegovina seek Indian investments | Latest News & Updates at Daily News & Analysis". Retrieved 2015-09-28.


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