Categories: Agreements

India and Austria inks MoU on Technology Cooperation

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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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.