PM Modi Invites Australian Businesses to Invest in India’s ‘Unmatched’ Growth Story
MELBOURNE: Prime Minister Narendra Modi on Thursday urged the early conclusion of the proposed India-Australia Comprehensive Economic Cooperation Agreement (CECA), saying the pact would elevate bilateral economic relations to a “new level” and unlock greater opportunities for trade and investment between the two countries. The Prime Minister stressed that stronger economic collaboration between India and Australia would benefit both nations by enhancing trade, boosting investments, and deepening strategic cooperation.
Addressing a business forum in Melbourne, Modi invited Australian companies to expand their presence in India, highlighting the country’s rapidly growing economy and investor-friendly environment. He said India offers “unmatched opportunities” across key sectors, including aviation, financial services, critical minerals, technology and food processing, and encouraged businesses to become partners in India’s growth story.
Modi arrived in Australia on Wednesday on a three-day visit focused on strengthening cooperation in defence, energy and trade. The visit is expected to further reinforce the India-Australia strategic partnership through discussions aimed at expanding economic ties and advancing collaboration in critical sectors.
