News Arena

Join us

Home
/

pm-modi-invites-austrian-companies-to-invest-in-india

Nation

PM Modi invites Austrian companies to invest in India

Prime Minister Narendra Modi has invited Austrian companies to invest in India, emphasising the substantial potential for bilateral collaborations across various sectors. The invitation was extended during a visit to Austria, marking the first by an Indian prime minister in over 40 years. Modi's visit follows a meeting with Russian President Vladimir Putin in Moscow.

News Arena Network - Vienna - UPDATED: July 10, 2024, 06:16 AM - 3 mins read

PM Modi and Nehammer Encourage Austrian Investments in India.

PM Modi invites Austrian companies to invest in India

PM Modi and Nehammer Encourage Austrian Investments in India.


Prime Minister Narendra Modi has invited Austrian companies to invest in India, emphasising the substantial potential for bilateral collaborations across various sectors. The invitation was extended during a visit to Austria, marking the first by an Indian prime minister in over 40 years. Modi's visit follows a meeting with Russian President Vladimir Putin in Moscow.

 

During the visit, Prime Minister Modi and Austrian Chancellor Karl Nehammer addressed a group of esteemed Austrian and Indian CEOs at a roundtable business meeting held at the Hofburg Palace in Vienna. The meeting underscored the growing interest and opportunities for collaboration between the two nations.

 

The Indian Ministry of External Affairs highlighted Modi's focus on several key areas for potential investment and cooperation. These include infrastructure development, renewable energy projects, green technology sectors, and emerging technologies.

 

The prime minister also mentioned fintech, startups, and innovation as promising areas for bilateral partnerships. Modi's call for investment comes at a time when India is keen on fostering innovation and entrepreneurship through international cooperation.

 

In support of these objectives, the India-Austria Startup Bridge was launched in February 2024. This initiative aims to strengthen the startup ecosystems of both countries, providing a platform for budding entrepreneurs to collaborate and innovate. The bridge is expected to facilitate the exchange of ideas, resources, and expertise between Indian and Austrian startups.

 

The economic ties between India and Austria have shown significant growth. Indo-Austria bilateral trade for the year 2023 reached USD 2.93 billion. Indian exports to Austria amounted to USD 1.52 billion, while imports from Austria were valued at USD 1.41 billion. These figures reflect a balanced and dynamic trade relationship, with potential for further growth through enhanced cooperation in various sectors.

 

The Austrian business community has shown a keen interest in the Indian market, recognizing the opportunities presented by India's robust economic growth and expanding consumer base.

 

Sectors such as renewable energy, infrastructure, and technology are particularly attractive for Austrian investors, given India's focus on sustainable development and technological innovation.

 

Prime Minister Modi's visit and his call for investment have been well-received by Austrian businesses. The bilateral discussions and the launch of the India-Austria Startup Bridge are expected to pave the way for more substantial and strategic partnerships. These efforts aim to not only boost economic ties but also foster a deeper cultural and technological exchange between the two nations.

 

Prime Minister Modi's visit to Austria has opened new avenues for collaboration, inviting Austrian companies to be a part of India's growth story. The focus on infrastructure, energy, and emerging technologies reflects a forward-looking approach to bilateral relations, promising mutual benefits and a strengthened partnership in the years to come.

Related News
BRS Leader K Kavitha to Appear via Video Conference July 26.

Rouse Avenue Court examines new charges against Kavitha

July 22, 2024, 12:20 PM - 4 mins read

SC Schedules Hearing on PMLA Provisions Review Petition For August 5th.

SC to review PMLA provisions on August 5

July 22, 2024, 11:17 AM - 3 mins read

Representative Image.

Survey claims Climate Change drove food price hike

July 22, 2024, 05:52 AM - 2 mins read

Delhi High Court To Review Bansuri Swaraj's LS Election Win.

Delhi HC to hear Bharti's plea against Bansuri win

July 22, 2024, 03:43 AM - 2 mins read

Leader of Opposition in Lok Sabha and Congress MP Rahul Gandhi speaks to the media during the first day of the Parliament session, in New Delhi, Monday, July 22, 2024.

Systemic collapse of exam systems in India: Rahul

July 22, 2024, 03:40 AM - 2 mins read

https://www.instagram.com/thelaughclubofficial/
https://www.instagram.com/burraahhh_/

Nation

See All
BRS Leader K Kavitha to Appear via Video Conference July 26.

Rouse Avenue Court examines new charges against Kavitha

July 22, 2024, 12:20 PM - 4 mins read

The Rouse Avenue Court has taken cognizance of the supplementary charge sheet filed by the CBI against BRS leader K Kavitha in the Delhi Excise Policy case. Special Judge Kaveri Baweja, after reviewing the supplementary charge sheet, has directed the police to produce Kavitha before the court through video conferencing on July 26 at 2 PM. Meanwhile, the court has extended the judicial custody of Manish Sisodia and the other accused until the same date.

Read more
SC Schedules Hearing on PMLA Provisions Review Petition For August 5th.

SC to review PMLA provisions on August 5

July 22, 2024, 11:17 AM - 3 mins read

The Supreme Court will hear a review petition challenging its judgement upholding various provisions of the Prevention of Money Laundering Act (PMLA) on August 5. This decision comes after Solicitor General Tushar Mehta requested an adjournment due to the unavailability of Additional Solicitor General SV Raju. Consequently, the hearing, originally scheduled for an earlier date, has been postponed.

Read more
Edu Min Dharmendra Pradhan Questions Congress Inaction On NEET Reforms.

Edu Min Pradhan slams Rahul Gandhi over NEET controversy

July 22, 2024, 11:01 AM - 4 mins read

Union Education Minister Dharmendra Pradhan has criticised Congress leader Rahul Gandhi and Samajwadi Party MP Akhilesh Yadav amidst the ongoing controversy surrounding the NEET examination 2024. Pradhan accused both leaders of shedding "crocodile tears" over the alleged irregularities in the exam.

Read more
Sonia Gandhi Calls Congress Leaders For Key Strategy Meet.

Congress strategy group meets at Sonia Gandhi's residence

July 22, 2024, 08:15 AM - 3 mins read

The Congress Parliamentary Strategy Group is set to meet on Monday evening at the residence of Sonia Gandhi, the Congress Parliamentary Party chairperson. This meeting, scheduled for 6 pm, aims to discuss the strategy and key issues to be raised during the ongoing Budget session of Parliament.

Read more
Supervisory positions to monitor teaching quality, recognition of good and bad teacher performance, and hiring of local volunteers to ensure 'teaching at the right level' as textbook completion mean little if children are way behind curricular standards, reads the survey document.

Centre, states need to jointly improve education: Eco Survey

July 22, 2024, 07:46 AM - 3 mins read

Supervisory positions to monitor teaching quality, recognition of good and bad teacher performance, and hiring of local volunteers to ensure 'teaching at the right level' as textbook completion mean little if children are way behind curricular standards, reads the survey document.

Read more
The government of India will not be ready to have talks with Pakistan; it won't be ready until terrorism ends; no matter how much we shout, NC leader Farooq Abdullah has said. Photo - PTI/Files.

Handful of people in India, Pak don’t want peace: Farooq

July 22, 2024, 06:57 AM - 2 mins read

Abdullah referred to the recent terror attacks in Jammu and added that the Indian government will not engage in discussions with Pakistan until terrorism is eradicated, regardless of how many people want it.

Read more
Representative Image.

Survey claims Climate Change drove food price hike

July 22, 2024, 05:52 AM - 2 mins read

Despite unfavourable weather conditions affecting vegetable and pulse production, the sector has shown remarkable adaptability. The survey notes that food inflation, although a global phenomenon, has been addressed through various measures.

Read more
Delhi High Court To Review Bansuri Swaraj's LS Election Win.

Delhi HC to hear Bharti's plea against Bansuri win

July 22, 2024, 03:43 AM - 2 mins read

The Delhi High Court has scheduled a hearing for August 13 regarding a petition filed by Aam Aadmi Party leader Somnath Bharti. The petition challenges the election victory of BJP MP Bansuri Swaraj in the 2024 Lok Sabha elections. Somnath Bharti alleges that Bansuri Swaraj's victory in the New Delhi Lok Sabha Constituency involved corrupt practices.

Read more
Leader of Opposition in Lok Sabha and Congress MP Rahul Gandhi speaks to the media during the first day of the Parliament session, in New Delhi, Monday, July 22, 2024.

Systemic collapse of exam systems in India: Rahul

July 22, 2024, 03:40 AM - 2 mins read

Raising the issue in the Lok Sabha on the first day of the Monsoon Session here today, Gandhi said, “Millions of people believe that if you're rich, you can buy the Indian examination system, and this is the same feeling we as the Opposition have”. 

Read more
Valmiki Corporation scam: Nagendra sent to 14 days judicial custody

Valmiki Corporation scam: Nagendra sent to 14 days custody

July 22, 2024, 03:05 AM - 2 mins read

Following allegations against him in connection with the scam, Nagendra, who was Scheduled Tribes Welfare Minister, tendered his resignation on June 6.

Read more
Kanwar Yatra: SC imposes interim stay on order asking eateries to display names of owners

Kanwar Yatra: SC imposes interim stay on owner's name order

July 22, 2024, 01:16 AM - 3 mins read

The Uttar Pradesh and Uttarakhand governments had issued orders, asking eateries on the kanwar yatra route to display names of owners.

Read more
Union FM tables Economic Survey 2023-24, GDP to grow at 6.5 -7%

Union FM tables Economic Survey 2023-24, GDP to grow at 7%

July 22, 2024, 12:59 AM - 3 mins read

India's projected GDP growth in the current fiscal year, as per the Economic Survey is, reportedly, lower than the economic growth rate of 8.2 per cent estimated for the previous financial year.

Read more

TOP CATEGORIES

  • Budget 2024

QUICK LINKS

About us Rss FeedSitemapPrivacy PolicyTerms & Condition
logo

2024 News Arena India Pvt Ltd | All rights reserved | The Ideaz Factory