PM Modi urges Austrian firms to invest in India

12 Jul 2024 CW Team

Prime Minister Narendra Modi, during his visit to Austria, extended an invitation to Austrian companies to explore investment opportunities in India. Emphasizing the potential for collaboration across various sectors such as infrastructure, renewable energy, technology, and innovation, Modi highlighted these prospects during a business meeting at the Hofburg Palace. He had arrived in Austria from Moscow, where he had met with Russian President Vladimir Putin the previous day, marking the first visit by an Indian prime minister in over four decades.

At the round table with Austrian Chancellor Karl Nehammer and prominent CEOs from both nations, Modi underscored the significant avenues for partnership between Indian and Austrian firms. According to a statement by the Indian Ministry of External Affairs, Prime Minister Narendra Modi, during his visit to Austria, extended an invitation to Austrian companies to explore investment opportunities in India. Emphasizing the potential for collaboration across various sectors such as infrastructure, renewable energy, technology, and innovation, Modi highlighted these prospects during a business meeting at the Hofburg Palace. He had arrived in Austria from Moscow, where he had met with Russian President Vladimir Putin the previous day, marking the first visit by an Indian prime minister in over four decades.

At the round table with Austrian Chancellor Karl Nehammer and prominent CEOs from both nations, Modi underscored the significant avenues for partnership between Indian and Austrian firms. According to a statement by the Indian Ministry of External Affairs, Modi discussed opportunities in infrastructure, renewable energy, fintech, startups, and other emerging sectors. The ministry later conveyed via social media that Modi had personally invited Austrian companies to consider investing in India.

To enhance cooperation in innovation and entrepreneurship, the India-Austria Startup Bridge was inaugurated in February 2024. Reflecting on bilateral trade figures from 2023, which totalled $ 2.93 billion, with Indian exports at $ 1.52 billion and imports at $ 1.41 billion, Modi expressed optimism for further economic collaboration between the two nations. Prime Minister Narendra Modi, during his visit to Austria, extended an invitation to Austrian companies to explore investment opportunities in India. Emphasizing the potential for collaboration across various sectors such as infrastructure, renewable energy, technology, and innovation, Modi highlighted these prospects during a business meeting at the Hofburg Palace. He had arrived in Austria from Moscow, where he had met with Russian President Vladimir Putin the previous day, marking the first visit by an Indian prime minister in over four decades.

At the round table with Austrian Chancellor Karl Nehammer and prominent CEOs from both nations, Modi underscored the significant avenues for partnership between Indian and Austrian firms. According to a statement by the Indian Ministry of External Affairs, Modi discussed opportunities in infrastructure, renewable energy, fintech, startups, and other emerging sectors. The ministry later conveyed via social media that Modi had personally invited Austrian companies to consider investing in India.

To enhance cooperation in innovation and entrepreneurship, the India-Austria Startup Bridge was inaugurated in February 2024. Reflecting on bilateral trade figures from 2023, which totalled $ 2.93 billion, with Indian exports at $ 1.52 billion and imports at $ 1.41 billion, Modi expressed optimism for further economic collaboration between the two nations. Prime Minister Narendra Modi, during his visit to Austria, extended an invitation to Austrian companies to explore investment opportunities in India. Emphasizing the potential for collaboration across various sectors such as infrastructure, renewable energy, technology, and innovation, Modi highlighted these prospects during a business meeting at the Hofburg Palace. He had arrived in Austria from Moscow, where he had met with Russian President Vladimir Putin the previous day, marking the first visit by an Indian prime minister in over four decades.

At the round table with Austrian Chancellor Karl Nehammer and prominent CEOs from both nations, Modi underscored the significant avenues for partnership between Indian and Austrian firms. According to a statement by the Indian Ministry of External Affairs, Modi discussed opportunities in infrastructure, renewable energy, fintech, startups, and other emerging sectors. The ministry later conveyed via social media that Modi had personally invited Austrian companies to consider investing in India.

To enhance cooperation in innovation and entrepreneurship, the India-Austria Startup Bridge was inaugurated in February 2024. Reflecting on bilateral trade figures from 2023, which totalled $ 2.93 billion, with Indian exports at $ 1.52 billion and imports at $ 1.41 billion, Modi expressed optimism for further economic collaboration between the two nations., renewable energy, fintech, startups, and other emerging sectors. The ministry later conveyed via social media that Modi had personally invited Austrian companies to consider investing in India.

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