India-Austria Fintech Collaboration: A New Era in Investment

During Finance Minister Nirmala Sitharaman's visit to Austria, opportunities for collaboration between Indian and Austrian startups in fintech were discussed. The goal is to strengthen economic ties and promote innovation-driven collaborations, highlighting India's economic growth and Austria's reliable trade partnership.

London, Apr 11 – In a bid to fortify economic alliances, Finance Minister Nirmala Sitharaman's recent visit to Vienna focused on investment and cooperation between Indian and Austrian startups, particularly in fintech.

The Austrian Federal Ministry of Finance reported on Sitharaman's meetings with Finance Minister Markus Marterbauer and State Secretary Barbara Eibinger-Miedl, where deepening economic relations was a primary goal.

Highlighting opportunities for investment and collaboration in e-mobility, semiconductors, and financial technology, the discussions emphasized Austria's trading reliability and India's rapid GDP growth. Sitharaman invited Marterbauer to India with a business delegation to further explore cooperative potentials.

(With inputs from agencies.)