The Ministry of Road Transport and Highways on Wednesday inked 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 which was signed by K.C. Gupta, Additional Secretary, MoRTH and the Ambassador of Austria Brigitte Öppinger-Walchshofer 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.
It further aims to strengthen ties, promote the long-standing bilateral relations and enhance trade and regional integration between the two countries.
India has had good diplomatic relations with Austria since the establishment of bilateral ties between the two countries in 1949. Both countries share a history of friendly economic and diplomatic relations.
Austria has state of the art technologies for roads and highways, such as electronic toll systems, intelligent transportation systems, traffic management systems, tunnel monitoring system, geo-mapping and landslide protection measures.
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.
After the outbreak of the COVID-19 pandemic, the government of India has been focusing on developing infrastructure and connectivity to help push the trade and drive the economy towards the path of recovery.
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