E-mobility, chips and fintech key investment opportunities for Austria: FM Sitharaman

IANS April 11, 2025 183 views

Finance Minister Nirmala Sitharaman met with Austrian counterpart Markus Marterbauer to discuss promising bilateral investment opportunities. They identified e-mobility, semiconductors, and fintech as key collaborative sectors between India and Austria. The discussion highlighted the potential for startup partnerships and leveraging the National Investment and Infrastructure Fund (NIIF). Both countries view each other as strategic allies with complementary economic strengths.

"Austria and India are natural allies with shared values" - Markus Marterbauer, Austrian Finance Minister
New Delhi, April 11: There are several opportunities for investment and business collaboration between Austria and India, especially in sectors such as e-mobility, semiconductors and fintech, Union Finance Minister Nirmala Sitharaman has stressed.

Key Points

1

Sitharaman explores investment potential with Austrian Finance Minister

2

E-mobility and semiconductor sectors highlighted

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NIIF facilitates bilateral business collaboration

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Startup partnerships in fintech emphasized

During her meeting with Markus Marterbauer, Federal Finance Minister of Austria, in Vienna, FM Sitharaman shared key aspects of Indian economy, flagship reforms and policy measures, according to a Ministry of Finance statement.

The Finance Minister outlined the opportunities for investment and business collaboration between the two countries, including through the National Investment and Infrastructure Fund (NIIF), in sectors of e-mobility and semiconductors, and between the startup companies on both sides, especially in FinTech.

Marterbauer referred to Austria and India as natural allies with shared values.

The Finance Minister also invited Marterbauer to visit India with a business delegation to explore sectoral opportunities for collaborations and share best practices with each other.

Earlier, during her London visit, FM Sitharaman met British Prime Minister Keir Starmer and discussed trade and investment, and issues of mutual interest between the two countries. They also discussed progress of the India-UK Free Trade Agreement (FTA) negotiations.

At the '13th Economic and Financial Dialogue' in London, co-chaired by FM Sitharaman and Rachel Reeves, Chancellor of the Exchequer, UK, the British side was pleased to update on its forthcoming Industrial Strategy, where partnership can support the Industrial Strategy's priority growth-driving sectors, such as advanced manufacturing and life sciences, where UK expertise and research capability can complement India's emerging role as a global manufacturing hub, as well as in clean energy, professional and business services, financial services, the creative industries, and defence to support jobs and economic growth.

Both sides look forward to the signing of the 'India-UK Defence Industrial Roadmap' to strengthen ties between industrial sectors and support supply chains.

India and the UK also welcomed the financial services trade over recent years and commit to work together to grow this further.

Reader Comments

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Priya K.
Exciting to see India expanding its global partnerships! E-mobility is definitely the future and we have so much potential in this sector. Hope to see more Austrian EV companies setting up shop here 🇮🇳🤝🇦🇹
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Rahul S.
While I appreciate the focus on international collaboration, I wish there was more emphasis on developing our domestic semiconductor capabilities first. We're still too dependent on imports for chips.
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Anika M.
Fintech partnerships could be game-changing! Austria has some innovative digital banking solutions that could really help accelerate financial inclusion in India. Looking forward to seeing what comes of this.
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Vikram J.
The India-UK defense roadmap is what caught my attention. Strategic partnerships like these are crucial for our growing defense manufacturing sector. Good move!
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Sanjay P.
I work in renewable energy sector. The clean energy collaboration mentioned with UK is promising. Hope we can learn from their offshore wind expertise while sharing our solar capabilities.
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Neha R.
So many international meetings happening! FM Sitharaman is really putting in the work to position India as a global investment destination. The focus on multiple sectors shows we're not putting all eggs in one basket. 👏

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Tags:
Nirmala Sitharaman Austria Investment E-Mobility Fintech India Economy Semiconductors
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