Australia has unveiled a comprehensive roadmap to deepen trade and investment relations with India, focusing on key sectors such as defence, sports, culture, space, and technology. The plan highlights four priority areas—clean energy, education and skills, agribusiness, and tourism—to drive economic collaboration.
Australia has introduced an ambitious roadmap to enhance and diversify its trade and investment ties with India, with a strategic focus on defence industries, sports, culture, space, and technology. The roadmap highlights four key “superhighways of growth“—clean energy, education and skills, agribusiness, and tourism. It aims to channel ongoing efforts to increase two-way investment and engage with Indian-Australian communities and businesses.
“India is an essential partner as we diversify our trade links to boost prosperity for all Australians,” said Australian Prime Minister Anthony Albanese while unveiling the roadmap. He emphasized that the initiative is crucial for realizing the full potential of Australia-India economic relations, which will benefit businesses, jobs, and overall prosperity. The roadmap, released by Albanese’s office, identifies nearly 50 specific opportunities to accelerate engagement across various sectors, including defence industries, sports, culture, space, and technology.
To support Australian businesses in unlocking commercial opportunities in India, Australia is investing US$ 16 million in an Australia-India Trade and Investment Accelerator Fund. “Growing Australia’s economic security and diversifying our partnerships is a key element of our statecraft and central to our national interest,” stated Australian Foreign Minister Penny Wong. She added that strengthening economic ties with India would not only create more jobs and opportunities for Australians but also advance shared interests in a stable and prosperous Indo-Pacific.
Australia’s Trade and Tourism Minister Don Farrell highlighted the deep-rooted personal and economic ties of the Indian community in Australia. “The roadmap, the result of significant consultation with businesses and the community, offers a blueprint for Australian businesses to seize this extraordinary opportunity,” he noted. Additionally, the Australian government announced an “extra US$ 4 million” investment in the Maitri Grants programme to foster people-to-people, business-to-business, and cultural connections between the two nations.
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