India and Austria Strengthen Economic Ties Through Green Hydrogen Partnership
Key Ideas
  • India and Austria emphasize the importance of sustainable economic partnerships and institutional collaboration in renewable and green hydrogen sectors.
  • Both nations are committed to UNFCCC goals of limiting global temperature rise and are actively involved in green hydrogen initiatives.
  • Leaders underscore the need for research, scientific collaborations, and innovation in the green hydrogen domain, promoting technology commercialization through new business models.
  • The formation of a high-level bilateral Business Forum, involvement of CEOs, and emphasis on environmental technologies and digital solutions signify a strengthened partnership.
During Prime Minister Narendra Modi's visit to Austria, India and Austria reaffirmed their commitment to sustainable economic partnerships with a focus on renewable and green hydrogen sectors. Both countries, as members of the UNFCCC, aim to limit global temperature rise and are actively engaged in Austria's Hydrogen Strategy and India's National Green Hydrogen Mission. The leaders emphasized the importance of collaboration between companies and R&D institutions in the green hydrogen field, highlighting the need for research, scientific partnerships, and innovation to drive technology commercialization. The establishment of a high-level bilateral Business Forum, which included CEOs from various sectors, and initiatives like the Start-Up Bridge to connect innovation ecosystems, demonstrates a comprehensive partnership. Furthermore, targeted cooperation in environmental technologies and the adoption of digital solutions were encouraged, indicating a positive momentum towards sustainable development and green technology adoption.
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