India Calls for Austrian Investment in Green Hydrogen and Electric Vehicles
Key Ideas
- Finance Minister Sitharaman urges Austrian companies to invest in India's green hydrogen and electric vehicle sectors.
- India showcases economic progress and business-friendly reforms positioning the country as a gateway for investment.
- Bilateral talks focus on digital technologies and renewable energy, with emphasis on India's startup ecosystem and Austria's strengths.
- Both countries aim to strengthen ties by leveraging mutual strengths and exploring new avenues of cooperation.
Finance Minister Nirmala Sitharaman has called upon Austrian companies to consider investing in India, particularly in sectors like green hydrogen and electric vehicles. During the India-Austria business roundtable in Vienna, Sitharaman highlighted the vast opportunities available in India and emphasized the country's economic growth and business-friendly reforms under Prime Minister Narendra Modi. The bilateral discussions between India and Austria centered on enhancing cooperation in digital technologies, renewable energy, and startup ecosystems. India's vibrant startup landscape, with over 110 unicorns, was a key point of interest, along with Austria's established startup ecosystem. Both nations agreed to work together to strengthen bilateral ties and explore new avenues for collaboration, showcasing a positive outlook on future partnerships.