PM Modi Invites Austrian Companies To Invest In India
First Published: 11th July, 2024 9:41 IST
PM Modi also underscored the "potential for collaboration" between Indian and Austrian companies in Vienna
During his official visit to the European nation, Prime Minister Narendra Modi has invited Austrian companies to invest in India, to strengthen the economic ties between the two nations, according to the Ministry of External Affairs.
Both Prime Minister Modi and Austrian Chancellor Karl Nehammer jointly addressed Austrian and Indian CEOs at a round table business meeting in Hofburg Palace, Vienna on Wednesday.
“Strengthening India-Austria economic ties! PM @narendramodi and Austrian Chancellor @karlnehammer jointly addressed renowned Austrian and Indian CEOs at a round table business meeting in Hofburg Palace, Vienna today,” the official spokesperson of MEA, Randhir Jaiswal wrote on X.
![](https://northeastlive.s3.amazonaws.com/media/uploads/2024/07/INSIDE-MODI-1-1024x576.jpg)
PM Modi also underscored the “potential for collaboration” between Indian and Austrian companies in Vienna.
“PM highlighted significant potential for collaboration between Indian and Austrian companies in various sectors including infrastructure, renewable energy, green sectors, new and emerging technologies, fintech, start-ups, innovation among others. He invited Austrian companies to invest in India,” the MEA said.
Earlier on Wednesday, Prime Minister Modi and Austrian Chancellor Karl Nehammer participated in the India-Austria Business Meeting, bringing together around 40 businesses from both nations to explore new economic opportunities and strengthen bilateral trade relations.
PM Modi arrived in Vienna on Tuesday evening for a day-long State visit. Ministry of External Affairs spokesperson Randhir Jaiswal said that the visit marked the first bilateral visit of Prime Minister Modi to Austria. Chancellor Nehammer also praised India’s advancements in infrastructure and digitalisation.
![](https://northeastlive.s3.amazonaws.com/media/uploads/2024/07/INSIDE-MODI-2-1024x635.jpg)
“It is impressive to look at India’s success when it comes to infrastructure digitalisation in society and developing infrastructure at an enormous pace. Today’s Business Forum which is taking place right now, about 40 businesses from India and Austria are coming together to engage in new cooperation and identify new economic opportunities,” he said addressing the India-Austria joint press statement.
Chancellor Nehammer emphasised the importance of finding new economic partnerships in the current global economic climate. “Currently the world economy finds itself in a challenging situation. Against this background, it is particularly important for Austria – a strongly export-oriented country to find new forms of economic cooperation,” he said.
Also Read: Prime Minister Modi arrives in Austria’s Vienna for one-day state visit
COMMENTS
![](assets/images/article/fb.jpg)
TOPMOST STORY NOW
![Banner](https://northeastlive.s3.amazonaws.com/media/uploads/2024/09/Untitled-design-7.png)
Live Kuki-Zos Protest Removal of Assam Rifles, Plans Mass Agitations from Tomorrow
07th September 2024![Banner](https://northeastlive.s3.amazonaws.com/media/uploads/2024/09/Untitled-design-6.png)
Live Manipur Violence: CM Biren Singh Holds 2 Cabinet Meets in Less Than 24 Hours, Meets Governor Acharya
07th September 2024![Banner](https://northeastlive.s3.amazonaws.com/media/uploads/2024/09/Untitled-design-5.png)
Live SDF Leader Tshering Wangdi To Quit Party Soon, Will Join SKM
07th September 2024![Banner](https://northeastlive.s3.amazonaws.com/media/uploads/2024/09/Untitled-design-4.png)
Live Tripura: Woman Stripped and Assaulted by Locals after Husband Commits Suicide
07th September 2024WE RECOMMEND
![Banner](https://northeastlive.s3.amazonaws.com/media/uploads/2024/09/nasa.png)
Boeing’s Starliner on its way back to Earth without NASA astronauts Sunita Willams, Barry Wilmore
Boeing on Saturday morning said that the deorbit poll of the empty Starliner spacecraft has been completed
07th September 2024![Banner](https://northeastlive.s3.amazonaws.com/media/uploads/2024/09/space-cover.png)
Boeing’s Starliner to return to Earth from ISS without Sunita Williams
The unscrewed spacecraft is targeting a landing at the White Sands Space Harbor in New Mexico on Saturday (local time).
06th September 2024![Banner](https://northeastlive.s3.amazonaws.com/media/uploads/2024/09/hunter-cover.png)
Joe Biden’s son, Hunter pleads guilty to all nine charges in federal tax case
The guilty plea came in a convoluted all-day hearing on the same day that his trial was supposed to begin with jury selection in Los Angeles.
06th September 2024![Banner](https://northeastlive.s3.amazonaws.com/media/uploads/2024/09/mo.png)
India, Singapore call for “freedom of navigation in and overflight above South China Sea”, adherence to UNCLOS
The joint statement was issued during Prime Minister Narendra Modi's visit to Singapore.
06th September 2024![Banner](https://northeastlive.s3.amazonaws.com/media/uploads/2024/09/Untitled-design-56.png)
US: Four killed, nine wounded in Georgia high school shooting
At least four people, including two students, have been killed and nine others were injured when a fellow student opened fire in a high school in the US state of Georgia on Wednesday, CNN reported. The suspected gunman is in custody and was identified as 14-year-old Colt Cray, a student of Apalachee High School in Winder, Georgia, about […]
05th September 2024