INDIA-AUSTRIA RELATIONS

NEWS: Austrian Federal Chancellor Christian Stocker is on a four-day official visit to India, marking the first visit by an Austrian Chancellor in over 40 years.

Key Outcome

• A Letter of Intent on Military Mattersàsigned for defence industry cooperation+ technology sharing.
• Joint Working Group on Counter-Terrorism àstrategic cooperation +combat cross-border terrorism.
• Institutional Cybersecurity Dialogueàlaunched to strengthen cooperation on digital infrastructure protection.
• A Fast Track Mechanism to resolve business disputes and improve the ease of doing business.
• Working Holiday Programmeà formalised to facilitate easier exchange and work opportunities for young professionals.

India-Austria Bilateral Relations

• India+ Austria àelevated their ties to an Enhanced Partnership during PM Modi’s visit in 2024.
• Bilateral trade reached approximately $3 billion in 2024, with India maintaining a marginal surplus.
• Key Exports: Electronic goods, apparel, textiles, footwear, and vehicle parts.
• Key Imports: Machinery, mechanical appliances, railway equipment, and iron and steel.
• India launched Austria’s first two satellites aboard PSLV in 2013.