India expects 1.3 trillion US dollar investment from Austria in the next seven years. Speaking at the meeting of India-Austria Joint Economic Forum in New Delhi today, the Commerce Minister, Mr Anand Sharma invited Austria to participate in the creation and management of world class infrastructure in India. He emphasised that the large skilled human resource base of India with Austria's technology and investment will create a win-win situation for both the countries. He said despite global economic melt down the bilateral trade reached about 1193 million US dollars in 2008-09. On multilateral trade fund, he asserted that India is committed to rule based trading system. Mr Sharma said it is important that regulations and related procedural costs are minimised for ensuring inclusive trade growth. AIR correspondent adds that India exports drugs, pharmaceuticals and fine chemicals, transport equipment, machinery and instruments, gems and jewellery to Austria and imports iron and steel, electronic goods, petroleum and organic chemicals.