Prabhu presents infra projects
India has invited Australian Superfunds to invest in various infrastructure projects such as industrial corridors, ports, smart cities, airports and railways in Australia on 26 June 2018.
The projects were highlighted during a presentation by Commerce and Industry Minister Suresh Prabhu who addressed representatives of about 25 Australian Superfunds, who have huge investible assets.
Details were also presented in Sydney on Invest-India and Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) for Australian Superfunds investments.
In Canberra, Prabhu attended the 15th India-Australia Joint Ministerial Commission (JMC) meeting held on 25 June 2018.
The meeting was jointly chaired by Prabhu and Australian Minister for Trade, Tourism and Investment Steven Ciobo.
The Ministers discussed ways to increase investment flows between the two countries.
The talks culminated in the signing of a Memorandum of Understanding (MoU) between Austrade and Invest-India to facilitate bilateral investment flows.
The Minister also delivered the “Leaders on Asia” address at the Asia Society, Australia, on the topic “India’s growth story: Opportunities for Australia”.
Prabhu highlighted sectors of knowledge-based agriculture, services, education and manufacturing as the key areas of mutual cooperation between the India and Australia.
He stressed that economic interdependence is the best way to further relationships between countries and India and Australia are natural partners who can build such interdependence and leverage each other’s economic advantages. fiinews.com
