PM Modi Invites Austrian Companies to Invest in India

11 Jul 2024 CW Team

Prime Minister Narendra Modi, during his visit to Austria urged Austrian companies to explore investment opportunities in India, emphasizing potential collaborations in infrastructure, renewable energy, and emerging technologies. Modi's visit follows his meeting with Russian President Vladimir Putin in Moscow and marks the first by an Indian prime minister to Austria in over 40 years.

Modi, along with Austrian Chancellor Karl Nehammer, addressed a gathering of prominent CEOs from both nations at Hofburg Palace, Vienna. The meeting focused on fostering partnerships across various sectors, including fintech, startups, innovation, and green initiatives.

According to a statement by the Indian Ministry of External Affairs, Modi highlighted the robust potential for collaboration between Indian and Austrian companies in diverse fields. The launch of the India-Austria Startup Bridge earlier this year underscores efforts to enhance innovation and entrepreneurship exchanges between the two countries.

Bilateral trade between India and Austria in 2023 reached USD 2.93 billion, with Indian exports amounting to USD 1.52 billion and imports totaling USD 1.41 billion. Modi's invitation to Austrian firms aims to deepen economic ties and mutual investment opportunities, further strengthening bilateral relations.

The visit marks a significant step towards expanding economic partnerships and leveraging India's growth trajectory to attract foreign investment in key sectors essential for sustainable development and technological advancement.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..