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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code