PM Modi Invites Austrian Companies to Invest in India
ECONOMY & POLICY

PM Modi Invites Austrian Companies to Invest in India

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.

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.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?