Žerjav will be visiting upon the invitation of Minister of Commerce, Industry and Textiles, Anand Sharma, with whom he will discuss possibilities to strengthen economic cooperation, the ministry wrote in a press release.

Žerjav will also meet Minister of Heavy Industries and Public Enterprises Praful Pate, and Minister of Micro, Small and Medium Enterprises K.H. Muniyappa.

Talks with representatives of the states of Uttar Pradesh and West Bengal, of the CII and the Federation of Indian Chambers of Commerce and Industry are also scheduled.

The CII summit, to take place in Agra, will give the business delegation, led by Chamber of Commerce and Industry (GZS) head Samo Hribar Milič, a chance to forge ties with around 1,200 business representatives from India and other countries in the Asia-Pacific region as well as Africa, America and Middle East.

The GZS has announced that Slovenian industrial group Kolektor and car electronics maker Letrika will sign letters of intent on setting up a joint venture headquartered in India, while the GZS will sign a memorandum on cooperation with the Confederation of Indian Industry.

A total of 17 Slovenian companies will be represented in India, with meetings scheduled for Tuesday in New Delhi and Wednesday in Kolkata.

India was Slovenia's 28th most important export destination in the first 10 months of 2012, with EUR 68m worth of goods exported, while EUR 193m worth of goods imported made it no. 20 on list of importers.

The items topping the list of Slovenia's exports include heterocyclic compounds, pumps, compressors, uncoated paper and cardboard, rolled and flat non-alloy steel products and antibiotics, while the main imports were petroleum oils and oils from bituminous minerals, heterocyclic compounds, medicines for retail sale and coffee.