Union Commerce and Industry Minister Piyush Goyal highlighted India’s commitment to strengthening economic partnerships, translating into tangible outcomes across trade, investment and innovation. The Minister was addressing the 17th session of the India-Austria Joint Economic Commission (IAJEC) in New Delhi. Mr Goyal emphasised strengthening trade, investment and innovation ties with Austria.
The Commerce and Industry Minister said the meeting served as an important platform to review the current status of bilateral economic relations, enhance cooperation across priority sectors and outline a forward-looking roadmap for strengthening trade and investment ties between the two countries.
The discussions included a comprehensive assessment of bilateral trade and investment relations. Both sides explored opportunities for cooperation across a range of sectors, including infrastructure, scientific research and innovation, dual vocational training, skills development and recognition of vocational qualifications, startups (Global Innovation Network), AYUSH and wellness, tourism, semiconductors, critical minerals, digitalization and artificial intelligence, film funding and other trade and business-related areas. Both sides also welcomed the conclusion of negotiations for the India-European Union Free Trade Agreement.
