India and Austria Strengthen Economic Partnership with Focus on Green Hydrogen
Key Ideas
  • India and Austria highlight the importance of sustainable economic partnership, particularly focusing on cooperation in renewable/green hydrogen.
  • Leaders from both countries emphasize the significance of research, technology partnerships, and innovation in driving the bilateral partnership forward.
  • The visit includes discussions on connecting innovation and start-up ecosystems, promoting environmental technologies, and supporting ventures in clean energy and other sectors.
During Indian Prime Minister Modi's official visit to Austria, discussions with Chancellor Karl Nehammer highlighted the importance of sustainable economic partnerships. Both countries, committed to addressing climate change, emphasized cooperation in renewable/green hydrogen as part of their efforts. They supported a wide-ranging partnership between companies and research institutions in this field. The leaders also underlined the need for stronger collaboration in developing and commercializing technologies, particularly in identified areas. The visit included the convening of a high-level bilateral Business Forum, encouraging dynamic tie-ups across different sectors. Initiatives like the Start-Up Bridge were discussed to connect the innovation and start-up ecosystems of both countries. Additionally, targeted cooperation in environmental technologies such as clean transportation, renewable energy, and digital technologies for sustainable economy were recognized. The visit is significant as it marks the 75 years of diplomatic relations between India and Austria, with PM Modi being the first Indian Prime Minister to visit Austria in over four decades.
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