Austrian Business Delegation to Visit India - Results

Published: February 23, 2016; 20:00 · (FriedlNews)

Austria's business delegation has returned from a five-day visit to India. What did they achieve?

Kurz and Leitl together with a business delegation to visit India / Picture: © www.crossed-flag-pins.com

Together with the President of the Austrian Economic Chamber Christoph Leitl, the Second President of the Austrian National Council Karlheinz Kopf and a large business delegation of more than 50 representatives of Austrian companies, Foreign Minister Sebastian Kurz embarked on a visit to India.

On Tuesday, Foreign Minister Kurz opened the India-Austria Business Forum which seeks to open up new business opportunities for companies from both countries.

“There is huge potential for stronger economic relations“, Sebastian Kurz stated at the opening event.

Of the more than 500 Austrian companies already active in India – the 7th largest national economy in the world – 130 have also established local subsidiaries.

As Austrian business and industry is very export-oriented it also needs to focus on new markets.

Following the business forum, Foreign Minister Sebastian Kurz met his Indian counterpart Sushma Swaraj with whom he discussed the excellent bilateral relations and potential measures towards further intensifying economic relations.

Other topics addressed included the situation of women in India and visa facilitation for business representatives.

With a view to further promoting trade relations, the Foreign Ministry in cooperation with the Economic Chamber has already facilitated the granting of visas to Indian business people.

India also pledged to grant such facilitation to Austrian entrepreneurs and business people.

In the afternoon, Kurz met the Minister for Women and Child Development Maneka Gandhi and the Minister of New and Renewable Energy Piyush Goyal. In his talks with the two ministers, Sebastian Kurz emphasised the important role India played during the Paris World Climate Conference and welcomed the Indian Action Plan. Some of the leading Austrian companies active in the field of renewable energy are already represented in India.

In his meeting with Kailash Satyarthi, who had received the Nobel Peace Prize in 2014 together with Malala Yousafzai, Sebastian Kurz expressed his great respect for the Nobel Peace Prize laureate and his long-standing and committed global fight against child slavery and for the promotion of their rights.

The promotion of children’s rights also featured among the priorities during Austria’s membership of the UN Human Rights Council from 2011-2014 and has long been a special focus of Austria’s human rights policy.

After these meetings the delegation travelled on to Bangalore and visited the subsidiary of the Austrian company Plansee located nearby. On its more than 34 production sites worldwide, the company employs more than 6,250 staff. The products manufactured by Plansee India are mainly used in the automotive and electronics industry.

In Mysore, the delegation visited the training campus set up by Infosys, one of the world’s leading service providers in the fields of consulting, IT, software architecture and outsourcing. With its more than 193,000 staff, the company is also the second largest provider of IT-based services in India. The campus, which rather resembles a small city, is increasingly being managed according to “smart city” principles.