India and Austria inks MoU on Technology Cooperation_00.1
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India and Austria inks MoU on Technology Cooperation

India and Austria inks MoU on Technology Cooperation_50.1

The Ministry of Road Transport and Highways (MoRTH) signed a Memorandum of Understanding (MoU) with the Federal Ministry of Climate Action, Environment, Energy, Mobility, Innovation and Technology of the Republic of Austria on Technology Cooperation in the Road Infrastructure Sector. The MoU will further strengthen ties, promote long-standing bilateral relations and enhance trade and regional integration between the two countries.

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About the MoU:

  • The MoU aims to create an effective framework for bilateral cooperation in the field of road transportation, road/highways infrastructure development, management and administration, road safety and intelligent transport systems between both countries.
  • The Indo-Austria bilateral cooperation in the road transport sector would be beneficial both from the perspective of enhanced road safety as well as attractive financing possibilities for the sector, thus fostering and intensifying the already good relations between the two countries, through this MoU in the transport sector.

Important takeaways for all competitive exams:

  • Austria Capital: Vienna.
  • Austria Currency: Euro.
  • Austria President: Alexander Van der Bellen.

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