PM Modi invites Austrian companies to invest in India

Prime Minister Narendra Modi during his official visit to Austria invited Austrian companies to invest in India to strengthen the economic ties between the two nations according to the Ministry of External Affairs reported ANIAs per the news agency report ANI 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 today atOptions key e649535779b579086e4b428a7c5a145e format iframe height 600 width 160 params Strengthening economic tiesPM narendramodi and Austrian Chancellor karlnehammer jointly addressed renowned Austrian and Indian CEOs at a round table business meeting in Hofburg Palace Vienna today PM highlighted significant potential for collaboration betweenhellip pictwittercomjf9LzdN1uumdash Randhir Jaiswal MEAIndia July 10 2024The official spokesperson of MEA Randhir Jaiswal wrote on X Strengthening IndiaAustria 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 todayAccording to the ANI report PM Modi also emphasised the potential for collaboration between Indian and Austrian companies in ViennaPM highlighted significant potential for collaboration between Indian and Austrian companies in various sectors including infrastructure renewable energy green sectors new and emerging technologies fintech startups innovation among others He invited Austrian companies to invest in India the MEA said in the statementEarlier today Prime Minister Modi and Austrian Chancellor Karl Nehammer participated in the IndiaAustria Business Meeting reportedly bringing together around 40 businesses from both nations to explore new economic opportunities and strengthen bilateral trade relationsPM Modi arrived in Vienna on Tuesday evening for a daylong State visit reported ANIMinistry of External Affairs spokesperson Randhir Jaiswal said that the visit marked the first bilateral visit of Prime Minister Modi to AustriaAs per the ANI report Chancellor Nehammer also praised Indias advancements in infrastructure and digitalisationAddressing the IndiaAustria joint press statement he said It is impressive to look at Indias success when it comes to infrastructure digitalisation in society and developing infrastructure at an enormous pace Todays 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 opportunitiesChancellor Nehammer also underlined the importance of finding new economic partnerships in the current global economic climate reported ANIAccording to the ANI report Nehammar added Currently the world economy finds itself in a challenging situation Against this background it is particularly important for Austria a strongly exportoriented country to find new forms of economic cooperationWith inputs from ANI