- Sunday, February 23, 2025
Modi and Austrian chancellor Karl Nehammer jointly addressed renowned Austrian and Indian CEOs at a round table business meeting in Hofburg Palace in Vienna.
By: Shubham Ghosh
INDIAN prime minister Narendra Modi on Wednesday (10) invited Austrian companies to invest in India as he highlighted the potential for bilateral collaborations in infrastructure, energy, emerging technologies and other sectors.
Modi arrived in Austrian capital Vienna from Russia’s Moscow after meeting president Vladimir Putin on Tuesday (9) evening on a two-day visit, the first by an Indian prime minister in over 40 years.
Modi and Austrian chancellor Karl Nehammer jointly addressed renowned Austrian and Indian CEOs at a round table business meeting in Hofburg Palace in Vienna.
Read: In Vienna, Modi lauds Austrian Indologists for popularising Indian culture
“PM highlighted the significant potential for collaboration between Indian and Austrian companies in various sectors, including infrastructure, renewable energy, green sectors, new and emerging technologies, fintech, startups, and innovation, among others,” the Indian ministry of external affairs said in a social media post.
Met business leaders from India and Austria. Our nations are confident of leveraging the many opportunities ahead to boost commercial and trade linkages. pic.twitter.com/PZnEJpvJ1I
— Narendra Modi (@narendramodi) July 10, 2024
The prime minister invited Austrian companies to invest in India, it added.
Read: India, Austria push to expedite India-EU free-trade deal
To foster innovation and entrepreneurship between the countries, the IndiaAustria Startup Bridge was launched in February this year.
Indo-Austria bilateral trade for 2023 (January-December) was $2.93 billion (£2.26 billion). Indian exports to Austria stood at $1.52 billion and imports were $1.41 billion (£1.09 billion).
(With PTI inputs)
