Key European economy Austria sets up Startup Bridge with India
Austria, an export-oriented economy, is increasingly targeting South Asia and SE Asia with India topping the list to export its products including machinery, chemical and pharmaceutical products, automobile related items, said Martin Kocher Austrian Minister for Labour and Economy.
“Austria is focusing on South Asian and SE Asian markets in a big way since the Russian market has been closed following the war. India is of special interest to Austria given its complementarities in the field of economy. Austria also serves as the gateway to the German speaking markets of Europe,” Martin Kocher Austrian Minister for Labour and Economy told ET during his weeklong visit to India for the Raisina Dialogue.
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During Kocher’s visit, India-Austria Startup Bridge was launched in the backdrop of growing Startup ecosystems in the two countries.
The Austrian startup ecosystem, known for its innovation and dynamic spirit. With a strong emphasis on research and development, Austria has cultivated a fertile ground for startups to thrive, particularly in sectors such as advanced
