According to the Press Trust of India (PTI) reports, the Australian government has lined up investments of 1 billion dollars, in the Indian markets. The investments come as a result of the bilateral agreements of Narendra Modi in his previous tour to Australia.
Australia is keen to participate in the various Indian business sectors, for a greater co-operation from the country. Speaking in an media interaction, Australian high commissioner to India Mr. Patrick suckling said ” We are keen to invest $1 billion in varied sectors from resources to manufacturing in India “.
The high commissioner showed his intention for a collaboration with India in the sectors of Education, infrastructure, energy and food.
Patrick Suckling further added ” one of the key elements of the Indian foreign policy is protecting its energy security. In this regard, Australian can help India strategically in providing energy requirements such as coal, gas and Uranium.” The High commissioner also revealed that Australia is interested to collaborate with India in its food security mission.
“The government of India is in a mission to modernize the Agricultural sector. It has opened many opportunities for technical collaborations and investments for Australia. We have opportunities for investments in ranging from Agricultural technology to cold storage”, Suckling added, The Times of India reports.
The High commissioner for India has also added that Australian Universities are also keen to tie up with India to assist in its Skill development programs.