Union Minister of Commerce and Industry Anand Sharma has invited Austria to participate in the creation and management of world class infrastructure in India. An investment of approximately $1.5 trillion is expected by 2016-17, for creation and up-gradation of its infrastructure. India has a large skilled human resource base, which can be combined with Austria’s technology and investment to create a win-win situation for both sides.

On multilateral trade front, India remains committed to a rule-based multilateral trading system. Currently, there is a perception of increased costs on account of trade measures like constantly enhanced standards and complicated regulatory procedures

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