Official name
REPUBLIC OF INDIA
Form of government
Federal parliamentary republic
Capital
New Delhi
Head of State
Ram Nath Kovind
Prime Minister
Narendra Modi
Minister of Foreign Affairs
Dr. Subrahmanyam Jaishankar
Date of establishment of bilateral relations
05 December 1948

Political relations

Serbia and India traditionally have very good and friendly relations, based on close ties established when the Non-Aligned Movement was founded. They have similar views on many international issues and a mutual interest for strengthening the political dialogue and improving cooperation in all policy areas.

From 9 to 12 January 2017, President Aleksandar Vučić, at the time in the capacity of the Prime Minister of Serbia, participated in the "Vibrant Gujarat Global Summit” and held a meeting with the Prime Minister of the Republic of India, Narendra Modi.

On the occasion of an important anniversary – 70 years from the date of establishment of diplomatic relations, from 14 to 16 September 2018, the Vice-President of India and ex officio Chairman of the Council of States – the upper house of the Parliament of India – Venkaiah Naidu, was in an official visit to Serbia.

These two visits, which confirmed that relations between the two countries were close and mutually friendly, were the first official visits on such a high level in the last three decades.

The last visits of Ministers of Foreign Affairs were exchanged during 2018 and 2019. Ivica Dačić, the First Deputy Prime Minister of Serbia at the time, visited India from 1 to 4 May 2018, while the Minister for Foreign Affairs of India, Subrahmanyam Jaishankar, was in an official visit to Serbia from 7 to 9 November 2019.

The Speaker of the House of the People – the lower house of the Parliament of India, Om Birla, who led the Indian delegation at the 141st session of the Interparliamentary Union in Belgrade from 13 to 17 October 2019, met with Maja Gojković, at the time the Speaker of the National Assembly of the Republic of Serbia, on the margins of this meeting, on 16 October 2019.

 

Economic relations

Bilateral  economic  cooperation between Serbia and India is currently conducted mostly trough trade exchange, which   amounted 174,35 million euros during 2020  of wich exports from Serbia amounted 15,84 million eur, while imports from India  amounted 158,51 million euros. The total value of the bilateral trade in 2019 amounted to 158,34 million euros, of which export from Serbia amounted to 7.9 million euros, while import amounted to 150.44 million euros.

The largest of India’s investments in Serbia is the construction of an IT park in Inđija – about 20 million euros invested by the Embassy Group Bangalore.

Indian companies have shown the greatest interest in the tractor industry. In 2012, Sonalika Group, India’s largest exporter of tractors, concluded a strategic partnership agreement with Agromehanika from Boljevac, and the tractor assembly line “Solis” was commissioned in 2014); company Tractors and Farm Equipment Limited (ТАFЕ, a part of the Amalgations Group), in April 2018, bought the Industry of Machinery and Tractors (IMT) Belgrade; while Mahindra Group has been cooperating with Agropanonika (which is a general representative of the Indian company for the Serbian market) since 2007.

The CG Group India has invested 9 million euros in the noodles factory in Ruma, which was ceremonially opened on 5 October 2017. The same year, Samvardhan Mothersen Group took over the Finnish company PKC Wiring Systems, which carries out its activity in Smederevo, while the company Excel Industries Limited (a part of the Excel Group, with a business seat in UAE) bought the factory Blok Signal from Niš, which producers railway and utility equipment.

 

Bilateral agreements

  • Agreement on Trade and Economic Cooperation between the Council of Ministers of Serbia and Montenegro and the Government of the Republic of India, signed on 7 February 2006 (The Official Gazette of the Republic of Serbia – International Treaties, No. 102/07);
  •  Convention between the Council of Ministers of Serbia and Montenegro and the Government of the Republic of India for the Avoidance of Double Taxation with respect to Taxes on Income and on Capital, signed on 7 February 2006 (The Official Gazette of the Republic of Serbia – International Treaties, No. 102/07);
  • Agreement between the Government of the Republic of Serbia and the Government of the Republic of India on Cooperation in Agriculture and Allied Sectors, signed on 3 March 2009 (The Official Gazette of the Republic of Serbia – International Treaties, No. 1/10);
  • Agreement between the Government of the Republic of Serbia and the Government of the Republic of India on Cooperation in the Fields of Culture, Education and Sports, signed on 3
    May 2018 (The Official Gazette of the Republic of Serbia – International Treaties, No. 15/18);
  • Air Services Agreement between the Government of the Republic of Serbia and the Government of the Republic of India, signed on 15 September 2018 (The Official Gazette of the Republic of Serbia – International Treaties, No. 2/19);

 

Contact information

Embassy of the Republic of Serbia in New Delhi http://www.newdelhi.mfa.gov.rs/

Embassy of the Republic of India in Belgrade https://www.eoibelgrade.gov.in/

Contact information in the Ministry of Foreign Affairs – Department for Asia, Australia and Pacific; Phone: +381 11 306 8345; odazap@mfa.rs