On Thursday, Union Minister of Commerce and Industry Piyush Goyal advanced India's trade agenda through virtual and in-person meetings with South Korean Trade Minister Yeo Han-koo and Austrian Chancellor Christian Stocker. The discussions led to the signing of a Fast Track Mechanism aimed at improving business resolutions between India and Austria. Goyal highlighted the growing interest from businesses on both sides to leverage India's skilled workforce alongside Austrian technology. During Chancellor Stocker's visit, 15 agreements were finalized, focusing on key areas such as defense, technology, and innovation. This visit, the first by an Austrian Chancellor to India in four decades, underscores the strengthening strategic partnership between the two nations. President Droupadi Murmu welcomed Chancellor Stocker, emphasizing the shared values of democracy and the rule of law. The agreements also include a focus on emerging sectors like semiconductors, green energy, and artificial intelligence (AI), positioning both countries for enhanced bilateral cooperation in innovation and trade.