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Key European economy Austria sets up Startup Bridge with India

Economic Times · 1y

Austria is targeting South Asia and Southeast Asia, with a particular focus on India, to export its products such as machinery, chemicals, pharmaceuticals, and automobile-related items. The country aims to capitalize on the complementarities in the Indian market and serve as a gateway to German-speaking markets in Europe. There are ample business opportunities in areas like industrial modernization, automotive, transport infrastructure, energy, and smart cities. The launch of the India-Austria Startup Bridge further strengthens the partnership between the two countries in fostering innovation and collaboration in sectors like advanced manufacturing, renewable energy, and IT. Austria is also becoming a popular shooting destination for the Indian film industry, thanks to attractive incentives.