India-Austria Strengthen Sustainable Economic Partnership with Focus on Green Hydrogen
Key Ideas
  • India and Austria emphasized the importance of sustainable economic partnership, with a focus on green hydrogen collaboration.
  • Leaders from both countries supported a wide-ranging partnership in renewable/green hydrogen between companies and R&D institutions.
  • The visit included discussions on research, technology partnerships, innovation, and the need for stronger collaboration in developing and commercializing technologies.
  • Efforts were made to connect innovation ecosystems through initiatives like the Start-Up Bridge, encouraging business tie-ups and environmental technology cooperation.
During Prime Minister Modi's official visit to Austria, discussions with Chancellor Karl Nehammer highlighted the significance of a sustainable economic partnership between the two countries. Both India and Austria, being parties to the UNFCCC, stressed the importance of sustainability in addressing climate change. The leaders acknowledged the potential for engagement in renewable/green hydrogen, aligning with Austria's Hydrogen Strategy and India's National Green Hydrogen Mission. They expressed support for partnerships in companies and R&D institutions for green hydrogen development. The bilateral discussions also focused on research, technology partnerships, and innovation to drive forward the economic partnership. Both leaders emphasized the need for stronger collaboration in developing and commercializing technologies, exploring new business models. The convening of a high-level bilateral Business Forum during the visit aimed to foster dynamic tie-ups across various sectors. Initiatives like the Start-Up Bridge were welcomed to connect the innovation ecosystems of both countries. Environmental technology cooperation was highlighted with targeted areas such as clean transportation, renewable energy, and digital technologies for sustainable economy. The visit underscored the importance of financing ventures in clean technology sectors to support expanded engagement. PM Modi's visit to Austria marked the first Indian Prime Minister's visit in 41 years, signifying the strengthening of diplomatic relations. The visit also occurred during the 75th anniversary of diplomatic relations between India and Austria. Overall, the discussions and initiatives during the visit showcased a positive sentiment towards enhancing sustainable economic partnership and green hydrogen collaboration between India and Austria.
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