- It was signed by the Additional Secretary, MoRTH Shri K.C. Gupta and the Ambassador of Austria Brigitte Oppinger-Walchshofer in New Delhi.
- The MoU will cover Road Transportation, Road/Highways infrastructure development, management and administration, Road safety and Intelligent Transport Systems between both countries.
- It will also promote long standing bilateral relations since 1949 and enhance trade and regional integration between the two 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.
Reason for Signing MoU with Austria:
MoRTH has signed MoU with Austria because, 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.
Recent Related News:
i.The Union Cabinet has apprised the signing of a Memorandum of Understanding (MoU) between Indian Institute of Astrophysics (IIA), Bengaluru (Karnataka) and the Instituto de Astrofisica de Canarias (IAC) and the GRANTECAN, S.A. (GTC), Spain to develop scientific and technical collaborations in the astronomy field.
ii.The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved the signing of the Memorandum of Understanding (MoU) between India and Israel on cooperation in the field of Health and Medicine.
About Austria:
Capital– Vienna
Currency– Euro
President– Alexander Van der Bellen
