Austrian companies recognize opportunities in India's automotive sector

Austrian businesses see significant opportunities in India, especially in the automotive sector, according to Wolfgang Hesoun of the Austrian Federal Economic Chamber. He noted India's economic growth over the past decade makes it an attractive market for partnerships. Bilateral trade between Austria and India has reached record levels, with over 160 Austrian companies currently operating in India. This number is expected to increase as both countries enhance their economic ties. Recently, Hesoun led a delegation of 11 Austrian companies to Chennai, where they discussed collaboration in technology, skills, and tourism. The delegation also visited local automotive firms and explored opportunities in higher education.