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Austria Invites Two-way Collaborations in Energy and Automobile Sectors

Dr. Robert Luck, the new Trade Commissioner of Austria while addressing industry captains at an interactive session organised by Bangalore Chamber of Industry and Commerce (BCIC) in Bangalore invited Indian Energy and Automobile sectors to look at synergies between the two nation.

Austria is also looking at Indian collaborations in sectors related to Education, ICT, Healthcare, Agriculture, Travel and Tourism infrastructure, Garments and Textiles, Start-ups, Bio Sciences to name a few other specific sectors.

Dr. Robert Luck, Trade Commissioner, Austria said: “We have proven technological expertise in harnessing renewable energy, especially the solar energy where India can hugely benefit from the tech transfer. Austria sources close to 40 percent of energy requirement through renewable energy which is quite substantial. Similarly, we have a clear mandate to switch over to non-fossil fuel mobility in Austria and we invite Indian companies to support us on this business endevour”.

Dr. Robert Luck said that an important aspect to be highlighted is that, Austria offers foreign investors a wide range of business opportunities including funding and financial support measures for small and medium-sized enterprises (SMEs), research and development, company startups, investments and new technologies. These extend from cash grants to preferential rates of interest. 

Over 150 Austrian subsidiaries are based out of India and of them close to 50 operate in Karnataka. India has been a very important trading partner for Austria. Bilateral business has developed dynamically over the last few years. Bilateral trade between India and Austria has reached US$ 1.4 billion.

Austria, is an important link for India in its relationship with countries of central and Eastern Europe. There have been a large number of collaborations, technology transfers and joint ventures in the fields of steel, manufacturing technology, railway and transport, equipment, metallurgy and so on.

Delivering the welcome address at the interactive session Mr. Kishore Alva, President BCIC & Joint President and Executive Director, Adani - Udupi Power Corporation Ltd. said: “Bangalore is a lake city. Since Austria is a global leader in sustainable water management system, as its lakes, rivers and other water bodies are well managed, we seek your support in rejuvenating our lakes especially, Hebbal Lake which is the gateway to Bangalore’s entry.”  To this proposal, Dr. Robert Luck replied positively and said that he will come back with a concrete proposal.

Mr. Kishore Alva further said: “India has proven track records in Sectors like banking, manufacturing, services, healthcare, Information Technology, Infrastructure and other sectors. All we need is a specific agenda from Austria and we will facilitate to operationalize it. If you can provide us a road map and we can work with the stakeholders to achieve the set goal.”

The event coincided with the Global Energy Award 2018 function constituted by Government of India and Austrian Trade Commission which was awarded to Ms. Alexie Seller, CEO, Pollinate Energy, Bangalore for her invaluable contribution in the field of Non-renewable energy, especially to the vulnerable society.

Over 30 industry captains participated in the interactive session.