Digital Public Infrastructure to improve connectivity and logistics
Prime Minister Narendra Modi has called on the Austrian business stakeholders to look at the fast-unfolding opportunities in India, as the country moves to become the third largest economy in the world over the next few years https://www.pmindia.gov.in/en/ .
He highlighted that India had made transformative progress in the last 10 years, and would continue on the same path given its strengths of political stability, policy predictability and its reform oriented economic agenda https://www.nseindia.com/ .
He pointed out that the steps taken by Government to improve Ease of Doing Business was attracting global majors to India https://www.advantageaustria.org/ .
Talking about Indian economic growth and transformation, the Prime Minister underlined India’s success in the field of start-ups https://www.startupindia.gov.in/ , in creation of next generation infrastructure, and its commitment to forge ahead on the green agenda http://wienerboerse.at .
Further, he pointed out that the start-up bridge set up between India and Austria would yield substantial results, and called for a joint hackathon by stakeholders in the two countries https://www.bseindia.com/ .
He went on to highlight the success of Digital Public Infrastructure https://www.digitalasiahub.org/ in the country and measures taken to improve connectivity and logistics.
Given India’s strengths, Prime Minister urged Austrian majors to leverage Indian economic landscape for high-quality and cost-effective manufacturing under ‘MAKE IN INDIA’ programme both for domestic and international market, and as a global supply chain destination https://aba.gv.at/en/ .
He spoke about India’s Production Linked Incentive scheme https://www.makeinindia.com to attract global manufacturing companies in the fields of semiconductors, medical devices, solar PV cells, among others.
India’s economic strengths and skills and Austrian technology were natural partners for business, growth and sustainability, said he Prime Minister, inviting Austrian businesses to utilize the investment opportunities in India and be a part of India’s stellar growth story https://www.eoivienna.gov.in/ .
Together with Chancellor of Austria, Karl Nehammer, Prime Minister Modi shared insights with leading Austrian and Indian CEOs from diverse sectors including infrastructure, automobile, energy, engineering and start-ups on 10 July https://www.bmeia.gv.at/en/austrian-embassy-new-delhi/.
Both leaders acknowledged the role played by the industry leaders in strengthening bilateral relations and promoting economic cooperation between India and Austria http://oenb.at .
The leaders noted that trade and investment between the two countries has been increasing over the years and called for realizing the full potential of the India-Austria partnership through greater collaboration https://sbi.com.in/ .
The Prime Minister paid an official visit to Austria from 9-10 July 2024. Fiinews.com
