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    Published On : Thu, Dec 26th, 2013
    Business News | By Nagpur Today Nagpur News

    Advantage Austria Head of Office visits NVCC

    NVCC Press Release
    Ramesh K. Kalnawat, head of office, Advantage Austria, Mumbai paid a visit to Nag Vidarbha Chamber of Commerce.

    Dipen Agrawal, President NVCC welcomed and felicitated the guest and appraised various activities undertaken by the Chamber since last 7 decades in the interest of trade, commerce & industry of Vidarbha region.

    Ramesh K. Kalnawat briefed that ADVANTAGE AUSTRIA, with its more than 110 offices in over 70 countries, provides a broad range of intelligence and business development services forboth Austrian companies and their international business partners. Our 750 employees and 40 consultants around the world can assist you in locating Austrian suppliers and business partners. We organize more than 1,000 events every year to bring business contacts together. Other services provided by ADVANTAGE AUSTRIA offices range from introductions to Austrian companies looking for importers, distributors or agents to providing in-depth information on Austria as a business location and assistance in entering the Austrian market. He further stated Austria has a population of around 8 million and an area of 83,871 km². The capital city of the parliamentary republic is Vienna, the official language is German. Austria is part of the Euro zone and the GDP per capita is EUR 35,710. Austria is not only a member of many international organisations, it also hosts their headquarters. This underlines the importance of Austria and Vienna with regard to international relations. Austria’s development politics are an integral part of a foreign policy focused on security and stability. Water and electricity supplies are the basics for any progress, education opens up new perspectives.

    Dipen Agrawal, President presented the scenario of India-Austria Trade. He said “Trade and Commerce form a crucial component of the rapidly expanding and multi-faceted relations between India and Austria.Austrian imports from India decreased slightly by -0.91% in 2012. While virtually all major sectors of Austria’s imports from India have registered a decrease in trade, Organic Chemicals and Machinery/Equipment marked an increase by 53.7% and 16.7% respectively, being the main positive trends observed in the period. While in 2011, the chemicals sector was on a negative path, the reverse trend indicates that the Indian industry is gaining momentum in Austrian imports. As far as exports to India are concerned, the decrease in trade was much steeper, registering a drop by 23,4% with considerable slowdown in all major sectors and significant increases only in exports of railway technology and copper, both of which are assumed to have been boosted by the bilateral agreements signed by the two nations in the Railway field in late 2011.

    Top 10 Items of Indian Imports from Austria (2012)
    Commodity
    Volume
    (in mil €)
    Growth
    (in %)
    Share of total Import (in %)
    Nuclear Reactors, Boilers, Machinery And Mechanical Appliances; Parts Thereof
    170,02
    -21,7%
    27,2%
    Electrical Machinery And Equipment And Parts Thereof; Sound Recorders, Television Image And Sound Recorders And Reproducers, And Parts Thereof
    92,94
    -29,0%
    14,8%
    Optical, Photographic, Cinematographic, Measuring, Checking, Precision, Medical Or Surgical Instruments And Apparatus; Parts And Accessories Thereof
    52,51
    -6,1%
    8,4%
    Iron And Steel
    51,22
    -66,7%
    8,2%
    Organic Chemicals
    27,31
    -4,9%
    4,4%
    Railway Or Tramway Locomotives, Rolling Stock And Parts Thereof; Railway Or Tramway Track Fixtures And Fittings And Parts Thereof; Mechanical Signalling Equipment Of All Kinds
    24,57
    257,3%
    3,9%
    Articles Of Iron Or Steel
    19,76
    -27,6%
    3,2%
    Copper And Articles Thereof
    18,44
    30,1%
    2,9%
    Glass And Glassware
    15,08
    -20,6%
    2,4%
    Plastics And Articles Thereof
    13,31
    -7,5%
    2,1%
     
     
     
     
    Top 10 Items of Indian Exports to Austria (2012)
    Commodity
    Volume
    (in mil €)
    Growth
    (in %)
    Share of total Export (in %)
    Vehicles Other Than Railway Or Tramway Rolling Stock, And Parts And Accessories Thereof
    51277589
    -2,3%
    9,3%
    Electrical Machinery And Equipment And Parts Thereof; Sound Recorders, Television Image And Sound Recorders And Reproducers, And Parts Thereof
    51022273
    -14,5%
    9,2%
    Articles Of Apparel And Clothing Accessories, Not Knitted Or Crocheted
    50907734
    -8,8%
    9,2%
    Organic Chemicals
    44439429
    53,7%
    8,0%
    Footwear, Gaiters And The Like; Parts Of Such Articles
    42471286
    -21,2%
    7,7%
    Articles Of Apparel And Clothing Accessories, Knitted Or Crocheted
    42351678
    -8,7%
    7,7%
    Nuclear Reactors, Boilers, Machinery And Mechanical Appliances; Parts Thereof
    38819463
    16,7%
    7,0%
    Articles Of Leather; Saddlery And Harness; Travel Goods, Handbags And Similar Containers; Articles Of Animal Gut (Other Than Silkworm Gut)
    24465658
    -10,2%
    4,4%
    Other Made-Up Textile Articles; Sets; Worn Clothing And Worn Textile Articles; Rags
    18688025
    -18,6%
    3,4%
    Pharmaceutical Products
    17030978
    -29,8%
    3,1%

    Ramesh K. Kalnawat pointed out the identified business areas in Austria to get and overview of the industry and to run a targeted search for a business partner the sectors are namely: Agriculture and forestry, Automotive Chemicals, Construction and infrastructure, Consulting and engineering, Consumer goods and lifestyle, Creative industries Education, Electrical and electronic technologies, Energy and natural resources, Environmental technologies, Fashion and textiles, Financial services, Food and drink, Health and medical technologies, Information and communication technologies (ICT), Interior design, International projects and tendering, Life sciences and pharmaceuticals, Machinery and plant construction, Metals and metal processing, New materials, New technologies, Packaging and printing, Plastics Renewable energies, Safety and security leisure Transportation Wood and paper.

    Dipen Agrawal, President said that Vidarbha region has immense opportunities for Austrian companies it is immensely rich in minerals, dense forests, tourists places specially for wild animals, vast scope for IT sector, Industrial infrastructure, MIHAN-SEZ, uninterrupted power supply, ample of water and land are the positives of this region. He further added that Vidarbha is known as cotton bowl of India and Textiles would be a key investment sector. NVCC and Advantage Austria would work together for improving Bilateral Trade between the two countries. States in a press note issued by Hemant Gandhi, Hon. Secretary of Chamber.

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