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February 28, 2021
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India in Austria | Indians in Vienna | Bilateral Relations

Austria and India - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
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Nowotny: „CESEE Needs New Growth Model“

Ewald Nowotny, governor of Austria´s National Bank (OeNB), thinks that the current growth model for the region is outdated.

November 26, 2012
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RHI Aims to Take Over Orient Refractories

The Austrian producer of refractories plans to expand in India. The investment may have a size of € 80m.

October 29, 2012
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RHI Begins to Downsize in Europe

The Austrian refractories company plans to expand in Russia. In Europe, the first factories will be shut down in two years.

October 18, 2012

Voestalpine: No Investments in Europe

Wolfgang Eder, CEO of the Austrian steel company expects that Europe faces a longer phase of stagnation. The steel industry will not recover before mid-2013.

October 12, 2012
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India and Austria Sign Agreement on Shipping

A Memorandum of Understanding (MoU) on Technology Cooperation in the Shipping and Ports Infrastructure was signed on Wednesday between India and Austria, IBNS reports.

October 5, 2012

Austrian Business Delegation to Visit New Delhi and Mumbai

On the occasion of the official visit of Austrian Federal Minister Doris Bures (Ministry of Transport, Innovation and Technology) to India, the Austrian Trade Commission organises a high-ranking Austrian business delegation to Delhi and Mumbai.

September 25, 2012
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RHI Demonstrates Optimism

The Austrian manufacturer of refractory products expects increasing revenues and a growing EBIT margin.

September 24, 2012

Siemens Austria: Major Contract in India

A consortium led by Siemens Austria was awarded with a contract worth € 290m by the Indian National Mineral Development Corporation Limited (NMDC).

August 7, 2012

Siemens Austria to supply Electrical Works to Indian BMM Ispat

The Indian steelmaker BMM Ispat Ltd. ordered the core systems for an electrical steel plant from Siemens VAI Metals Technologies.

July 23, 2012
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Austria´s Exports to Asia on the Rise

Last year, Austrian exports totaled € 122bn. Above all, exports to emergin markets Brazil, India and China are growing.

June 21, 2012

Andritz: Remarkable Order Intake in India

The Indian subsidiary of Austrian Andritz Hydro started 2012 on a promising note by getting a number of new contracts in India and abroad.

June 6, 2012
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„India and China are not the Problems“

Voestalpine´s CEO Wolfgang Eder thinks that competitors from Turkey, Russia and Ukraine may become problematic for the European steel industry.

June 5, 2012

Solar Heating Specialist TiSUN expands to Asian markets

In 2011 the Austrian company, TiSUN GmbH, established a subsidiary company in Mumbai, TiSUN-EDES Solar (India) Pvt. Ltd., in order to be able to service the vast Asian market more efficiently.

June 1, 2012

Efkon Strengthens its Market Position in India

New projects in India which were won by the Austrian toll solution supplier are worth approx. € 10m.

May 23, 2012
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Hungarian Bank Tax May be Abolished

The extraordinary bank tax in Hungary will be halved in 2013 and deleted in 2014, the government said. Austrian banks are relieved.

May 10, 2012

RHI to Acquire Orient Refractories?

The Austrian refractory manufacturer is said to take over the Delhi bases Orient Refractories. The target company denies the rumor.

May 7, 2012
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Bajaj Holds 47.2% in KTM

At the end of April, the Indian motor vehicle producer enlarged its stake in the Austrian company from 41% to 47.2%.

May 2, 2012

Cross Industries Still in the Red

Due to interest expenses, the Austrian industrial holding company recorded losses of € 4.5m after € 4.8m in 2010.

April 30, 2012

RHI Pursues Growth Strategy in India

The Austrian RHI AG, the world’s biggest maker of fireproofing ceramics, is pursuing a takeover in India and may start a joint venture in Russia to expand its global reach.

April 21, 2012
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Where is Austria´s Gold?

The major part of Austria´s gold reserves should be located in the U.S. The Austrian Central Bank does not answer any questions.

April 10, 2012

Free Float at KTM Declines

The Austrian motor-cycle manufacturer has a free float of only 2.9%. The two main shareholders are CEO Stefan Pierer and the Indian Rajiv Bajaj.

April 6, 2012
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Bajaj Increases Stake in KTM

The Indian Investor Rajiv Bajaj now holds a 44.3% share in the Austrian motor-cycle manufacturer.

April 2, 2012

RHI Has Growth Plans

The Austrian producer of fireproof ceramics puts effort into growth. Major investments and acquisitions are planned.

March 7, 2012

Siemens Austria Got Major Order from India

The Indian National Mineral Corporation orders a sintering plant at Siemens VAI. The order volume totals € 120m.

March 1, 2012
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Polytec Aims For Expanding in Asia

Friedrich Huemer, CEO of the Austrian automotive supplier, wants to start investments in China and India.

February 27, 2012

KTM With Satisfying Results

The Austrian motorcycle manufacturer could increase turnover by 13.4%. EBIT was up by 7.6%, net profits rose by 30.2%.

February 16, 2012
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AUA to Withdraw from Mumbai

Due to the increasing price pressure, Austrian Airlines has to focus on new markets. New target markets are Eastern Europe and the Middle East region.

February 13, 2012

Euro-Crisis: Austrian Managers are Optimistic

In spite of the current euro-crisis, most Austrian managers believe that the currency will remain. Moreover, a deepening of the cooperation between EU-member states is expected.

February 6, 2012

Gebauer & Griller to Expand Supply in India

The Indian subsidiary of the Austrian automotive component supplier Gebauer & Griller expands its production line.

February 3, 2012
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KTM to Enter India

Together with its Indian partner, the Austrian motor-bike producer KTM aims for entering India.

January 25, 2012

Growth Potential for Semperit

The Austrian synthetic product manufacturer already recognizes the weakening of the business cycle. However, investments will not be reduced. The BRIC countries are seen as future markets.

December 27, 2011
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Siemens VAI Receives Order from India

The Indian JSW Steel placed a major order at the Austrian Siemens VAI.

December 8, 2011

Leitl Promotes Exports to BRICS-Countries

The President of the Austrian Chamber of Commerce, Christoph Leitl, wants the exporting industries to focus more on Brazil, Russia, India, China and South Africa.

November 22, 2011

Strabag Subsidiary Wins Contracts in India

EFKON, an Austrian supplier of toll systems has been awarded for contracts in India worth € 6.5m.

November 16, 2011
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Intercell Receives Approval for Vaccine in India

The Austrian pharmaceutical company achieved an important milestone in the roll-out of its Japanese Encephalitis vaccine in endemic countries.

November 10, 2011

R&D Expenses on the Rise

The largest Austrian Enterprises increased their budgets for research & development by 9.6% on average. This is slightly beyond the global average (9.3%).

October 24, 2011
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State Visit: "Huge Potential for Austrian Companies in India"

The Indian President Shrimati Patil absolved a state visit in Austria and met the Austrian President Heinz Fischer and the head of the Austrian Economic Chamber, Christoph Leitl.

October 8, 2011

Kovats Blames Creditors and Penta

Mirko Kovats, CEO of the A-Tec group, makes the Czech investment group Penta and the banks responsible for the failed restructuring plan

October 4, 2011

Intercell Successfully Completes Vaccine Study in India

The Austrian biotech company achieved an important step in the licensure process of a vaccine for children.

September 16, 2011
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KTM Achieves Strong Growth

The Austrian motorcycle manufacturer reported a positive development in the first half of 2011. Turnover increased by 24%; EBIT went up 18%.

July 28, 2011

Indian Motherson Sumi to Acquire Peguform from Cross Industries

The Austrian industrial holding company found a buyer for the automotive component supplier which had been separated from the Polytec Group in 2009.

July 13, 2011
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Lenzing: Demand is Greater than Capacity

The Upper Austrian pulp producer finds it difficult to cope with the growing demand. Further works are planned.

March 15, 2011

AE&E Quota only 5%

The largest division of the insolvent Austrian technology group A-Tec is likely to offer only very little to its creditors.

February 17, 2011

Red Bull Intends to Double Sales

The Austrian energy drink producer plans a period of strong growth for the next eight years.

February 15, 2011

Magna Pushes its Presence in Emerging Markets

The Austrian-Canadian automotive supplier intends to expand its international presence in the BRIC countries.

February 12, 2011

Four Major Orders for Andritz

The Austrian Andritz Hydro receives international orders to equip four hydropower plants. The contract value is € 80m.

February 4, 2011
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Miba Enters into a Joint Venture in India

The Austrian Miba Sinter Group expands its global network with a sintered components manufacturing facility in India.

February 2, 2011

A-Tec Sells AE&E India

The insolvent Austrian group belonging to Mirko Kovats is being gradually separated from its stakes. AE&E India goes to the Korean Doosan.

January 19, 2011

Rapid Increase in Exports to Emerging Markets

The Austrian export economy can benefit massively from the solid demand from Asian and South American emerging markets.

January 12, 2011

S&T: New Investors in Sight

S&T, the software company undergoing massive difficulties located in Austria might get an Indian investor soon.

January 7, 2011
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