India in Austria | Indians in Vienna | Bilateral Relations - Vindobona.org

International Day of Yoga Celebrations in Vienna on 19th and 21st June

The United Nations General Assembly declared 21st June as the International Day of Yoga. The resolution adopted by the General Assembly invites everyone to observe that day as the International Day of Yoga. On occasion of the International Day of Yoga, the Embassy of India in Vienna is organizing the several events on 19th and 21st June, 2016.

June 15, 2016

India-Austria Bilateral Foreign Trade Volume Increases to EUR 1.40 Billion

Last year was a very good year for India-Austria foreign trade. Experiencing a much faster growth rate than Austria’s overall trade, Austria imported items amounting to EUR 702 million from India and exported a volume amounting EUR 700 million to India.

April 20, 2016

Air India to Fly Daily Between Vienna and New Delhi

India's national passenger carrier Air India launched direct non-stop flight operations between Vienna and Delhi, India.

March 31, 2016

Austrian Business Delegation to Visit India - Results

Austria's business delegation has returned from a five-day visit to India. What did they achieve?

February 23, 2016

Austrian Ministry of Foreign Affairs: Council of Ministers Places 27 New Diplomats at Head of Embassies

The Council of Ministers of the Austrian Ministry of Foreign Affairs has decided to place 27 new Austrian diplomats at head of Austrian Embassies worldwide.

December 10, 2015

India Forum at the Austrian Federal Chamber of Commerce

Recently the Foreign Trade Department of the Austrian Federal Economic Chamber organised an event focused on India. Entitled “Parameters for Your Success with Business in India”, the event counted with the participation of ca. 70 Austrian companies and entrepreneurs aiming for India or potentially being interested in doing business there.

December 3, 2015

Global Construction Market to Grow $8 Trillion by 2030: Driven by China, US and India

A new report released today - Global Construction 2030 - forecasts the volume of construction output will grow by 85% to $15.5 trillion worldwide by 2030, with three countries - China, US and India - leading the way and accounting for 57% of all global growth.

November 10, 2015

How Can Exporters Benefit from the "Go-International Initiative" of the Austrian Chamber of Commerce?

Even in a challenging global economic environment, exports remain the driving force behind the Austrian economy. The go-international initiative of the Austrian Chamber of Commerce encourages companies to step across the border by offering advisory services, events and support, as well as making it easier for existing exporters to enter additional foreign markets.

October 19, 2015

Indian Women Empowering Austrian Women

On October 2nd the Ladies Organization of the Federation of Indian Chamber of Commerce and Industry (FLO) is a guest at the Austrian Chamber of Commerce. Thirty-eight Indian entrepreneurs from the sectors of textile, crafts and jewelry are expected. In addition, the fields of education and arts management are represented.

September 28, 2015

Jaguar Land Rover Signs Deal to Manufacture Cars in Austria

Tata Motors-owned luxury carmaker Jaguar Land Rover (JLR) said it has signed a contract manufacturing agreement with Austrian automotive firm Magna Steyr in another step to enhance its worldwide production line and build global footprint.

July 29, 2015

Austria Introduces New Visa Rules for Chinese, Indian and Indonesian Business Travellers

Austria has decided to introduce a liberalized regime for issue of business visas to Austria, effective from August 1, 2015. In an initial pilot phase, the new regime will be applicable only to India, China, and Indonesia.

July 29, 2015

Trafomodern Joins Hands with Indian Salzer Electronics

India based Salzer Electronics has entered a technical licensing agreement with Trafomodern Transformatorengesellschaft m.b.H, an Austrian manufacturer of dry type transformers.

July 21, 2015

International Day of Yoga Celebrations in Vienna

The United Nations General Assembly last year declared 21st June as the International Day of Yoga. The resolution adopted by the General Assembly invites everyone to observe that day as the International Day of Yoga. Hence, the International Day of Yoga celebrations in Vienna took place at Votiv Park, in the heart of Vienna, where people participated in good numbers to perform the exercises as per the common yoga protocol.

June 21, 2015

KTM Sportmotorcycles are now Manufactured in India

Upper Austrian manufacturer KTM first revealed its KTM Duke 250 and RC 250 in Tokyo. Now there is a buzz that KTM will start manufacturing Duke 250 and RC 250 at Bajaj's chakan plant in Pune/India and will start exporting the bike to other countries. The KTM Duke 250 and RC 250 are exported to Austria, Japan, Hong Kong, Malaysia, Turkey and Thailand.

May 29, 2015

Make in India: Forum "Alternative India" in Vienna, Linz and Graz

As part of the trade promotion initiative of the Department of Foreign Trade of the Austrian Federal Economic Chamber and the Ministry of Economy “Going International - Going to India” the Federal Economic Chamber (WKO) together with the Austrian Trade Commission in Delhi, organized “Forum Alternative India” in Vienna, in Linz and in Graz.

May 28, 2015

Make in India: Starting in Vienna

With the aim of bringing Austrian and Indian business people together to strengthen the bonds linking Vienna/Austria and India, the Embassy of India, in cooperation with the Vienna Business Agency, welcomed several guests in the context of the „Make in India: Starting in Vienna“ event held at the Vienna Expat Center.

May 5, 2015

Austria to Support China's "Asian Infrastructure Investment Bank"?

The Austrian Finance Ministry confirmed that Austria will participate in the China-proposed Asian Infrastructure Investment Bank (AIIB) project after receiving the appropriate approval from the government. Now it checks for a potential engagement. China is taking matters into its own hands. It will use the new bank to expand its influence at the expense of America and Japan. Its decision to fund a new multilateral bank reflects its frustration with the slow pace of global economic governance reform. China is the biggest economy in Asia, but the Asian Development Bank (ADB) is still dominated by the Japanese: Japan’s voting share is twice China’s and the ADB’s president has always been Japanese. Also, reforms to give China more say at the International Monetary Fund (IMF) have been delayed for years.

March 27, 2015

Background: The New "Asian Infrastructure Investment Bank"

The Asian Infrastructure Investment Bank (AIIB) is regarded by some as a rival for the IMF, the World Bank and the Asian Development Bank (ADB), which are regarded as dominated by developed countries like the United States. AIIB is an international financial institution proposed by the government of China. The purpose of the multilateral development bank is to provide finance to infrastructure projects in the Asia region. Austria recently said, that it is "positive" and that it "now checks for a potential engagement".

March 27, 2015

Water Management Company Wabag Wins EUR 30 Mln Plan Project in India

VA Tech Wabag Ltd., India won an order for a value of around EUR 30 million for Design and Construction of 140,000 m3/d Sewage Treatment Plant (STP) at Dinapur, Varanasi including Operation and Maintenance for ten years.

March 20, 2015

Quality of Living Rankings: Vienna Tops the List Again

Vienna remaines at the top of the 2015 Quality of Living Rankings, boasting the best quality of living for expatriates. In the top 5 there are two other European cities, Zurich (place 2) and Munich (place 4). Also Auckland (3rd) and Vancouver (5th) are among the top five cities.

March 4, 2015

Global Peace Index: Austria is Third Most Peaceful Country

The latest Global Peace Index analyses the state of peace around the world. It identifies the most and least peaceful countries, trends in violence and conflict, and calculates the economic impact of violence. The top three most peaceful countries are Iceland, Denmark and Austria. Small and stable democracies make up the top ten most peaceful countries. New Zealand, Canada and Japan are the only non-European countries in the top ten.

March 4, 2015

Austria is Celebrating 60 Years of United Nations Membership in 2015

Austria became a member of the United Nations in 1955 and is celebrating 60 years of UN membership in 2015. 70 years ago, the United Nations were founded in San Francisco.

February 5, 2015

Vienna: BRICS vs NAFTA – The Ups and Downs in the Economic Order

The BRICS conferenz 2014 was held at the Austrian Economic Chamber under the motto "BRICS vs NAFTA - The Ups and Downs in the Economic Order".

November 13, 2014

India to Emerge KTM Production Hub by Year End

India is on the cusp of emerging as the lead production hub of Austrian motorcycle brand KTM with the four motorcycles manufactured at the Chakan plant poised to outsell super-sports and off-road bikes rolling out of the Mattighofen facility in Austria.

October 23, 2014

UN Vienna: Celebrations of the International Day of Non-Violence

The Permanent Mission of India in Vienna celebrated the International Day of Non-Violence and the 145th Birth Anniversary of Mahatma Gandhi at the Rotunda at United Nations, Vienna International Centre. DG UNOV, H.E. Mr. Yuri Fedotov, DG UNIDO, H.E. Mr. Li Yong, Permanent Representatives of various countries and officials of the UN Vienna were present at the event.

October 16, 2014

Austrian Chamber of Commerce Hosts the "Make in India" Launch Event

The Indian Embassy in Vienna in cooperation with the Austrian Chamber of Commerce, organized the "Make in India" launch event at the WKO in Vienna. The main focus of the event was the recently announced “Make in India” campaign.

October 15, 2014

Indian Embassy in Vienna Launches ‘Make in India’ Campaign

India's new Prime Minister Narendra Modi launched the ‘Make in India’ campaign, aimed at reviving the job-creating manufacturing sector. India's Mission in Vienna will be organizing a business event focusing on “Make in India” on 9th November at the Austrian Chamber of Commerce, followed by events in other provinces. The campaign includes invitations to Austria’s top companies to explore investment possibilities in India.

October 7, 2014

Water Management Company Wabag to Shift Operations from Austria to India

VA Tech Wabag, a water and wastewater management company, will increasingly operate its overseas businesses out of India to take advantage of lower costs and higher margins, according to Rajiv Mittal, Managing Director of the Chennai-based multinational.

July 28, 2014

Cost of Living Rankings: CEE Capitals Cheaper, Vienna is 32nd Most Expensive City

The Mercer's 2014 Cost of Living Rankings have been published and cover 211 cities across five continents. While Western European cities have all risen in the rankings mainly due to the strengthening of the Euro against the US dollar, most cities in Central and Eastern Europe (CEE), however have fallen in the ranking as a result of local currencies depreciating against the US dollar. Bratislava (#84), Prague (#92), Kiev (#98), Ljubljana (#116), Zagreb (#120), Budapest (#135), Warsaw (#142), Belgrade (#184).

July 25, 2014

Indian Bajaj Auto Helps Plot KTM its Global Comeback

One in 5 of Austrian company's bikes are made in Pune, for a big cost advantage, enabling it to take market share from rivals.

July 25, 2014

Efkon Signs Vehicle-Tracking-Devices Deal with Indian Oil Corporation

Continuing the winning streak in the VTS (Vehicle-Tracking-Devices) business, Efkon India again was successful in winning 4 tenders for vehicle tracking systems. The Indian Oil Corporation Ltd. ordered a total amount of 6631 devices which equals an order intake of € 1,4 Mio.

July 24, 2014

Hypo Alpe-Adria-Bank AG Changes Its Corporate Name to Austrian Anadi Bank AG

HYPO ALPE-ADRIA-BANK AG, former Austrian subsidiary of HYPO ALPE-ADRIA-BANK INTERNATIONAL AG, adopted a change in corporate name to Austrian Anadi Bank AG by means of an amendment to the articles of association approved at the extraordinary shareholder's meeting held on 16 June 2014.

June 27, 2014

Switzerland: IMD Releases the World Competitiveness Yearbook Ranking 2014

The US leads, Europe recovers, and big emerging markets struggle.

May 22, 2014

Exporttag: Meet All Austrian Trade Delegates at the Export Day 2014

On June 24, the Export Day (Exporttag) of the Austrian Chamber of Commerce (WKO) will take place in Vienna. Economic delegates from all over the world will be present.

May 20, 2014

Meet the New Ambassador of India to Austria His Excellency Shri Rajiva Misra

Yesterday evening at the Indian Embassy in Vienna, Ambassador Misra has presented himself to the international public.

May 15, 2014

Austria: Hypo Reveals Profit Losses

The Austrian branch of Hypo Bank, which was privatized last December and is going to be renamed to Austrian Anadi Bank, has published the annual financial report for the year 2013.

April 30, 2014

H.E. Ambassador Rajiva Misra, Embassy of India, presented his credentials to the Federal President of Austria

Ambassador Rajiva Misra presented his credentials to Dr. Heinz Fischer, the Federal President of Austria on 14th March and took charge as India’s Ambassador to Austria and Montenegro, and Permanent Representative of India to the International bodies in Vienna.

March 14, 2014

Hypo Österreich = Austrian Anadi Bank

Hypo Österreich will be renamed to “Austrian Anadi Bank”.

February 20, 2014

Austria: Options of Bad Bank for Hypo under Examination

Finance Minister Spindelegger intends to meet with experts to discuss options of a bad bank for Hypo Group Alpe Adria.

December 20, 2013

Hypo Group: Take-Over Almost Completed

British-Indian Anadi Financial Holding had to wait for months until the take-over of Austrian Hypo Group Alpe Adria was approved.

December 18, 2013

Hypo Group: Restraining Effect on Budget Consolidation

According to the EU’s autumn prognosis, nationalized Hypo Group and its liabilities running in the billions still have a restraining effect on the Austrian budget consolidation.

November 5, 2013

Austria: Liquidation No Option for Hypo Group

Nationalized-by force Hypo Group Alpe Adria, which is struggling under liabilities running in the billions, will not be closed. OeNB rejects rumors about establishing a bad bank

November 4, 2013

Hypo Group to be Renamed after Sale

After the closing of the sale future owner of Hypo Group Alpe Adria Sanjeev Kanoria from the UK with Indian origins intends to rename Hypo Group.

October 31, 2013

Austria: FMA Approves of Sale of Hypo Group

The Financial Market Authority has given green light for the selling of Austrian problem bank Hypo Alpe Adria to Indian Srei Group.

October 9, 2013

World Bank: 47 Banking Crises in the Past 40 Years

47 banking crises that have struck 116 countries in the past 40 years - World Bank

October 8, 2013

Hypo: New Risky Loan Agreements Even in 2012

According to the EU Commission, risky loans were granted by ailing Hypo Group even in 2012.

September 3, 2013

Hypo: Half-Year Results Expected August 28

In order to be able and balance, nationalized Hypo Group required € 700m in capital by the Austrian state.

August 27, 2013

Erdogan Considers Leaving U.N.

Turkey´s Prime Minister Recep Tayyip Erdogan puts pressure on the United Nations. The representation of the Security Council is not balanced, Erdogan criticizes.

August 26, 2013

Austrian Division of Hypo Alpe Adria Managed to Turn A Profit

In the past half year the Austrian division of nationalized bank Hypo Group made small profits.

August 20, 2013

Austria: Kranebitter to Leave Hypo Group

After three and a half years, Gottwald Kranebitter steps back as CEO of nationalized Hypo Alpe Adria. Tax payers are left with a burden running in the billions in the years to come.

August 19, 2013