India, Austria ink pact on Technology Cooperation in the Shipping and Ports Infrastructure Sector
India and Austria signed an MoU on Technology Cooperation in the Shipping and Ports Infrastructure.
There has been regular exchange of high level visits b/w the two nations during which the special emphasis is put on strengthening economic and commercial cooperation and scientific cooperation.
How Austria is important for India?
Austria has importance as it plays active role in international organizations. Geographically, as the country is centrally located in the heart of Europe and historically, linkages and legacy with the countries of the region, Austria can serve as a gateway to upcoming market economies in Central & East Europe. High-end technology is Austria`s bastion in several specialized areas of interest to us, particularly in infrastructure.
India can utilize Austria’s technology in the areas like implementation of International Ship & Port Security code, use of radio frequency identification in logistics and transport planning and optical character recognition in terminals to speed up the processing of containers in and out are the areas.