Strengthening Global Ties: Finance Minister's Strategic Visits to Austria and the UK

Finance Minister Nirmala Sitharaman concluded important discussions in the UK and initiated bilateral talks in Austria to enhance economic collaborations. Her meetings aimed at fostering investment opportunities between India and Austria while solidifying partnerships with the UK. Discussions included advancing the Free Trade Agreement and addressing global financial cooperation.

Finance Minister Nirmala Sitharaman has completed a series of high-level engagements in the UK and moved to Austria, as part of a strategic effort to bolster economic collaborations with European nations. Her official visit aims to strengthen bilateral ties and explore pathways for increased investment.

The ministry shared updates as Nadine welcomed Sitharaman in Vienna, where she plans to meet Austrian leaders including Finance Minister Markus Marterbauer and Federal Chancellor Christian Stocker. Sitharaman is also expected to co-chair discussions with key Austrian CEOs, focusing on potential investment ventures in India.

The UK's part of the tour concluded with the 13th round of the Economic and Financial Dialogue (EFD), resulting in new commercial agreements and paving the way for a Free Trade Agreement. The session highlighted opportunities for cooperation in various sectors including defense and education, as well as tackling international financial issues.

(With inputs from agencies.)