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

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..