<p>"India has been focussed on improving its infrastructure, and investments of close to one trillion US Dollars would be required in the coming years, to implement these plans.</p>.<p>"This provides an excellent investment opportunity for foreign companies. Power, roads, railways, airports and ports are all India's overarching priorities," Patil said addressing the India-Austria Business Forum Meet here.<br /><br />Patil, who is on a state visit to the country, said she has witnessed first-hand in Vienna, the excellent facilities established in urban areas which set an example for the rest of the world.<br /><br />"Austrian strengths in infrastructure, automotive and environment friendly technologies provide a good complementarity to the requirements of the Indian economy," she said.<br />She said India and the EU are strategic partners and augmenting economic ties with Austria will further strengthen India's overall partnership with the EU.<br /><br />"Our (with Austria) strong ties in the economic sphere will strengthen not just bilateral relations but our overall partnership with the EU," Patil said.<br /><br />The President also met Federal Chancellor of Austria, Werner Faymann and also visited the Austrian Parliament and met President of the National Council, Barbara Prammer.<br /><br />On India-EU trade ties, she said: "India and the EU are negotiating a broad based Trade and Investment Agreement which will, in our view, serve the mutual interest of both sides... I hope that this is concluded at the earliest to the mutual satisfaction of both partners".</p>.<p>She said India is fortunate to be endowed with rich human capital and a strong knowledge base and has been successful in many frontier areas like space, nuclear energy, Information Technology and bio-technology, among others.</p>.<p>"I feel that it would be useful to share our knowledge and experience, to translate the cutting-edge knowledge of science into products for the market. This will yield benefits both in terms of new employment and new products for consumers," Patil said.<br /><br />Lauding the strong India-Austria ties, Patil said the relationship has a bright future.<br /><br />The President, who was on a two-nation visit, will fly later in the day to Salzburg from where she will fly back to India tomorrow.<br /><br />Incidentally, Austrian President Heinz Fischer, will fly early to Salzburg to receive her, a departure from the schedule.<br /><br />Patil had also met with members of the Friends of India Group in the Austrian Parliament.</p>
<p>"India has been focussed on improving its infrastructure, and investments of close to one trillion US Dollars would be required in the coming years, to implement these plans.</p>.<p>"This provides an excellent investment opportunity for foreign companies. Power, roads, railways, airports and ports are all India's overarching priorities," Patil said addressing the India-Austria Business Forum Meet here.<br /><br />Patil, who is on a state visit to the country, said she has witnessed first-hand in Vienna, the excellent facilities established in urban areas which set an example for the rest of the world.<br /><br />"Austrian strengths in infrastructure, automotive and environment friendly technologies provide a good complementarity to the requirements of the Indian economy," she said.<br />She said India and the EU are strategic partners and augmenting economic ties with Austria will further strengthen India's overall partnership with the EU.<br /><br />"Our (with Austria) strong ties in the economic sphere will strengthen not just bilateral relations but our overall partnership with the EU," Patil said.<br /><br />The President also met Federal Chancellor of Austria, Werner Faymann and also visited the Austrian Parliament and met President of the National Council, Barbara Prammer.<br /><br />On India-EU trade ties, she said: "India and the EU are negotiating a broad based Trade and Investment Agreement which will, in our view, serve the mutual interest of both sides... I hope that this is concluded at the earliest to the mutual satisfaction of both partners".</p>.<p>She said India is fortunate to be endowed with rich human capital and a strong knowledge base and has been successful in many frontier areas like space, nuclear energy, Information Technology and bio-technology, among others.</p>.<p>"I feel that it would be useful to share our knowledge and experience, to translate the cutting-edge knowledge of science into products for the market. This will yield benefits both in terms of new employment and new products for consumers," Patil said.<br /><br />Lauding the strong India-Austria ties, Patil said the relationship has a bright future.<br /><br />The President, who was on a two-nation visit, will fly later in the day to Salzburg from where she will fly back to India tomorrow.<br /><br />Incidentally, Austrian President Heinz Fischer, will fly early to Salzburg to receive her, a departure from the schedule.<br /><br />Patil had also met with members of the Friends of India Group in the Austrian Parliament.</p>