DIPLOMATS TO INDIA EMPIRE
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AUSTRIA
NOVEMBER 2023
ADVANTAGE AUSTRIA is the trade promotion organisation of the Austrian Federal Economic Chamber. Our aim is to help Austrian companies establish business ties in India and all other South Asian states. We are one of 70 foreign offices of the Austrian Federal Economic Chamber and for over 40 years we have been the official representative of the Austrian business community in India. We promote trade relations between Austria and India, Bangladesh, Bhutan, the Maldives, Nepal and Sri Lanka and provide investment and economic cooperation. We also put you in touch with potential agents, cooperation partners and exporters in Austria.
Bilateral trade continues to grow beyond EUR 2 billion. India is Austria’s 3rd biggest export market in Asia, with double digit growth since 2021 and before the Covid-19 pandemic. Austrian exports to India are centred around quality, high-tech and sustainability, where a large share is machinery and transport equipment (40%), manufactured goods (22%) and chemical products (16%). Austrian exports in railway, hydro energy and smart city solutions have particularly benefited from investments into modern infrastructure in India. Furthermore, companies providing the newest manufacturing and testing technologies saw their sales increase significantly.
-Mr Hans-Jörg Hörtnagl, Commercial Counsellor & Trade Commissioner, Austrian Embassy and Head of Advantage Austria
JUNE 2019
"India and Austria established bilateral diplomatic relations back in 1949. During the Cold War period both countries positioned themselves voluntarily between East and West - Austria by declaring its neutrality and India by founding the Non-Aligned Movement - which made them natural allies on the world scene. This led to a first strengthening of bilateral ties that culminated in the close personal friendship between the Indian Prime Minister Indira Gandhi and the Austrian Federal Chancellor Bruno Kreisky. Today bilateral relations have become multi-facetted, including advocacy for a strong and efficient multilateral system, in particular the United Nations, economic and trade relations, tourism as well as culture. More than 150 Austrian companies have established subsidiaries or joint ventures in India, the trade volume between the two countries has increased to almost € 2 billion per year and over 200,000 Indian tourists visited Austria in 2018. These developments are accompanied by high-level visits in India, such as Foreign Minister Karin Kneissl in February 2019"
-H.E. Ms Brigitte Öppinger-Walchshofer (Ambassador of Austria to India)
SEPTEMBER 2017
For many decades now, India has been an important partner for Austria not only in political and cultural affairs, but also in business terms. Bilateral business relations have developed dynamically, especially over the last two decades, but there is still huge potential to further develop economical and business relations between our two countries. Austria offers world-class products and technologies across many different sectors and can complement India's need in developing and upgrading its industries and infrastructure, especially in the framework of the "Make in India" campaign. Austria possesses expertise in niche areas like environmental protection technologies, high-tech machinery and industrial equipment or civil engineering - among many other sectors—and we encourage India to even make more use of Austrian Know How than today.
-Mr Oskar Andesner, Commercial Counsellor, Austrian Embassy in India