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PM Modi invites Australian businesses to invest in India

Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese on Thursday jointly addressed the Australia-India CEOs Forum and the Economic Roadmap Business event in Melbourne, calling for deeper economic engagement and expanded investment between the two countries. The two events brought together leading Indian and Australian CEOs, business leaders, representatives of major Australian superannuation funds and institutional investors, as well as Vice-Chancellors of prominent Australian universities. 
Addressing the CEOs Forum, PM Modi highlighted India’s strong economic growth, policy reforms, digital transformation and expanding innovation ecosystem, saying these developments have created significant business opportunities for Australian companies. He underscored the complementary strengths of the Indian and Australian economies and identified manufacturing, clean energy, critical minerals, mining, infrastructure, urban development, aviation, logistics, advanced technologies, artificial intelligence, fintech, food processing and the digital economy as key sectors for collaboration. “India’s scale and Australian expertise make for a win-win proposition,” the Prime Minister said, while inviting Australian businesses to make long-term investments in India.

Sharing details of the interaction on X, the Prime Minister said the Australia-India CEOs Forum had gained significant momentum since 2023, reflecting growing confidence in the bilateral economic partnership. He thanked Prime Minister Albanese for participating in the interaction and sharing his vision for taking economic ties to greater heights. He also welcomed AustralianSuper’s announcement of an investment of AU$500 million in India, describing it as another demonstration of global confidence in India’s growth trajectory and reform agenda, as well as the vast opportunities the country’s economy offers international investors.


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