World News | PM Modi Invites Austrian Companies to Invest in India
Get latest articles and stories on World at LatestLY. Prime Minister Narendra Modi on Wednesday invited Austrian companies to invest in India as he highlighted the potential for bilateral collaborations in infrastructure, energy, emerging technologies and other sectors.
Vienna, Jul 10 (PTI) Prime Minister Narendra Modi on Wednesday invited Austrian companies to invest in India as he highlighted the potential for bilateral collaborations in infrastructure, energy, emerging technologies and other sectors.
Modi arrived here from Moscow after meeting with Russian President Vladimir Putin on Tuesday evening on a two-day visit, the first by an Indian prime minister in over 40 years.
Modi and Austrian Chancellor Karl Nehammer jointly addressed renowned Austrian and Indian CEOs at a round table business meeting in Hofburg Palace here.
"PM highlighted the significant potential for collaboration between Indian and Austrian companies in various sectors, including infrastructure, renewable energy, green sectors, new and emerging technologies, fintech, startups, and innovation, among others," the Indian Ministry of External Affairs said in a social media post.
Also Read | PM Narendra Modi, Austrian Chancellor Karl Nehammer Hold Delegation-Level Talks in Vienna (Watch Video).
The prime minister invited Austrian companies to invest in India, it added.
To foster innovation and entrepreneurship between the countries, the IndiaAustria Startup Bridge was launched in February 2024.
Indo-Austria bilateral trade for 2023 (January-December) was USD 2.93 billion. Indian exports to Austria stood at USD 1.52 billion and imports were USD 1.41 billion.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)