Wizz Air to Launch Direct Flights from Budapest to Mumbai
Direct air connectivity between Hungary and India expected to enhance bilateral trade and cultural exchange.
Wizz Air is set to initiate a direct flight service between Budapest and Mumbai within the year, operating daily.
This announcement follows discussions between Hungarian Foreign Minister Péter Szijjártó and various Indian government officials in New Delhi.
The Hungarian Ministry of Foreign Affairs stated that Minister Szijjártó emphasized the critical importance of enhancing bilateral relations, particularly in the economic context.
He indicated that while the potential benefits of trade cooperation between Hungary and India are evident, the absence of direct flights has historically posed a significant barrier.
The introduction of the direct service marks a significant step forward, with Szijjártó noting that all essential agreements have now been established to facilitate this air route.
He highlighted that soon, one of the world’s most populous nations and rapidly developing economies will be easily accessible from Hungary, with ongoing discussions to establish a flight connection between New Delhi and Budapest, pending modifications to existing bilateral air transport agreements.
The minister pointed out that non-stop flights would greatly enhance business, educational, diplomatic, and tourism activities between the two nations.
Szijjártó also noted that leading Indian companies are increasingly making substantial investments in Hungary, employing thousands of workers and shifting focus from manufacturing to research and development.
These investments are expected to create job opportunities for Hungarian researchers and engineers in cutting-edge technologies.
The bilateral trade volume is projected to reach a record high of approximately $1.5 billion this year, with a growing number of Hungarian companies actively engaging with the Indian market.
For instance, energy drink manufacturer HELL has identified India as its second most important export market.
Additionally, BHE Bonn Hungary has been supplying components for key defense and aerospace projects in India for the past 25 years, while several domestic companies have established themselves as market leaders in various health industry segments.
This announcement follows discussions between Hungarian Foreign Minister Péter Szijjártó and various Indian government officials in New Delhi.
The Hungarian Ministry of Foreign Affairs stated that Minister Szijjártó emphasized the critical importance of enhancing bilateral relations, particularly in the economic context.
He indicated that while the potential benefits of trade cooperation between Hungary and India are evident, the absence of direct flights has historically posed a significant barrier.
The introduction of the direct service marks a significant step forward, with Szijjártó noting that all essential agreements have now been established to facilitate this air route.
He highlighted that soon, one of the world’s most populous nations and rapidly developing economies will be easily accessible from Hungary, with ongoing discussions to establish a flight connection between New Delhi and Budapest, pending modifications to existing bilateral air transport agreements.
The minister pointed out that non-stop flights would greatly enhance business, educational, diplomatic, and tourism activities between the two nations.
Szijjártó also noted that leading Indian companies are increasingly making substantial investments in Hungary, employing thousands of workers and shifting focus from manufacturing to research and development.
These investments are expected to create job opportunities for Hungarian researchers and engineers in cutting-edge technologies.
The bilateral trade volume is projected to reach a record high of approximately $1.5 billion this year, with a growing number of Hungarian companies actively engaging with the Indian market.
For instance, energy drink manufacturer HELL has identified India as its second most important export market.
Additionally, BHE Bonn Hungary has been supplying components for key defense and aerospace projects in India for the past 25 years, while several domestic companies have established themselves as market leaders in various health industry segments.
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