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New Delhi: The India-Austria Enterprise Discussion board held in Vienna, underscored a strong framework for bilateral cooperation spanning a number of sectors.
Talking on bilateral commerce dynamics, R Okay Singh, Secretary, Division for Promotion of Investments and Inside Commerce, Ministry of Commerce and Business, India, famous, “The 2-way commerce between India and Austria is price about USD 2 Billion, it’s comparatively properly balanced.”
He underscored the strategic significance of sustainable progress and highlighted the success tales of multinational companies investing in India.
The occasion, organized by the Confederation of Indian Business (CII) in collaboration with Austrian Federal Financial Chamber and Federation of Austrian Industries, coincided with Prime Minister Narendra Modi’s go to to Austria, fostering discussions on strategic partnerships and mutual progress alternatives.
Martin Kocher, Minister of Labour and Economic system, Austria, hailed India’s vibrant startup ecosystem as among the many world’s most dynamic.
Emphasizing cooperation potentials, he highlighted renewable vitality, sensible cities, audio-visual and movies, tourism, and different sectors as pivotal areas for joint ventures.
“We worth the Indian startup ecosystem as one of the vibrant on the planet,” said Kocher, addressing a gathering that included roughly 30 Austrian firms and 11 Indian corporations.
Sanjiv Puri, President of CII, articulated Indian firms’ curiosity in investing in Austria, notably in R&D, AI, and software program aimed on the European market. He confused the importance of fostering collaboration in sustainable agriculture, water remedy, and meals processing.
Highlighting alternatives for collaboration in manufacturing, building, logistics, and the India-EU commerce settlement, R Dinesh, Quick Previous President of CII, emphasised Austria’s pivotal function in India’s globalization journey.
He mentioned, “Indian business believes that Austria is an important associate in its globalization journey.”
Tejpreet Chopra, President and CEO of Bharat Gentle & Energy Personal Ltd., underscored innovation, automation, and startup alternatives between India and Austria, highlighting the potential for technological change.
Chandrajit Banerjee, Director Common of CII, referred to as for enhanced bilateral cooperation by way of short-term mobility and technical coaching packages to deal with ability gaps in Austria.
Austrian firms shared insights into alternatives in India, recounting their experiences and successes in sectors comparable to renewable vitality, automotive, house, and robotics. Indian startups additionally showcased their capabilities, additional enriching the dialogue on fostering innovation and entrepreneurship.
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