Prime Minister Modi and Chancellor Nehammer Meet for India-Austria Business Talks in Vienna

Prime Minister Narendra Modi and Austrian Chancellor Karl Nehammer participated in the India-Austria Business Meeting in Vienna. The event brought together around 40 businesses from both nations to explore new economic opportunities and strengthen bilateral trade relations.

External Affairs Minister S Jaishankar and National Security Advisor Ajit Doval also attended the meeting. Prime Minister Modi arrived in Vienna on Tuesday evening for a day-long State visit. This is the first bilateral visit of Prime Minister Modi to Austria.

Chancellor Nehammer praised India’s advancements in infrastructure and digitalisation, stating, “It is impressive to look at India’s success when it comes to infrastructure digitalisation in society and developing infrastructure at an enormous pace.” He emphasized the importance of finding new economic partnerships in the current global economic climate.

Chancellor Nehammer highlighted the excellent economic and trade relations with India, marked by mutual trust and confidence. He noted that the current trade volume is 2.7 billion Euros, with more than 150 Austrian businesses operating in India. There is also a high demand for economic cooperation in renewable energy, environment, urban technology, urban development, and infrastructure development.

Notably, this is the first time an Indian Prime Minister has visited Austria in 41 years, with Indira Gandhi being the last PM to visit in 1983. PM Modi’s visit to Austria follows his two-day official visit to Russia, where he met Russian President Vladimir Putin.