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Vienna: Throughout his official go to to the European nation, Prime Minister Narendra Modi has invited Austrian firms to spend money on India, to strengthen the financial ties between the 2 nations, in keeping with the Ministry of Exterior Affairs.
Each Prime Minister Modi and Austrian Chancellor Karl Nehammer collectively addressed Austrian and Indian CEOs at a spherical desk enterprise assembly in Hofburg Palace, Vienna right this moment.
“Strengthening India-Austria financial ties! PM @narendramodi and Austrian Chancellor @karlnehammer collectively addressed famend Austrian and Indian CEOs at a spherical desk enterprise assembly in Hofburg Palace, Vienna right this moment,” the official spokesperson of MEA, Randhir Jaiswal wrote on X.
PM Modi additionally underscored the “potential for collaboration” between Indian and Austrian firms in Vienna.
“PM highlighted important potential for collaboration between Indian and Austrian firms in varied sectors together with infrastructure, renewable vitality, inexperienced sectors, new and rising applied sciences, fintech, start-ups, innovation amongst others. He invited Austrian firms to spend money on India,” the MEA mentioned.
Earlier right this moment, Prime Minister Modi and Austrian Chancellor Karl Nehammer participated within the India-Austria Enterprise Assembly, bringing collectively round 40 companies from each nations to discover new financial alternatives and strengthen bilateral commerce relations.
PM Modi arrived in Vienna on Tuesday night for a day-long State go to.
Ministry of Exterior Affairs spokesperson Randhir Jaiswal mentioned that the go to marked the primary bilateral go to of Prime Minister Modi to Austria.
Chancellor Nehammer additionally praised India’s developments in infrastructure and digitalisation.
“It’s spectacular to have a look at India’s success in terms of infrastructure digitalisation in society and creating infrastructure at an infinite tempo. Right this moment’s Enterprise Discussion board which is happening proper now, about 40 companies from India and Austria are coming collectively to have interaction in new cooperation and determine new financial alternatives,” he mentioned addressing the India-Austria joint press assertion.
Chancellor Nehammer emphasised the significance of discovering new financial partnerships within the present international financial local weather.
“At present the world financial system finds itself in a difficult state of affairs. Towards this background, it’s significantly essential for Austria – a strongly export-oriented nation to seek out new types of financial cooperation,” he mentioned.
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