Prabhu assures of business stability
Commerce & Industry Minister Suresh Prabhu has highlighted the potential of Indian growth story to a five-member delegation from the Australia Superfunds.
He has assured the funds of stability and certainty of business in long term during a meeting on 18 Sept 2018 in New Delhi.
Calling for the Superfunds’ investments, he said India provides abundant opportunities and “our priority is to engage them to explore investing in India.”
Australia’s superannuation funds valued at AUD2.6 trillion is one of the world’s largest in terms of volume.
Thought the funds have exposure in various international markets, their exposure in India is still very limited, despite continued greater than average returns created by the Indian market.
The Australians have also commissioned and launched recently an India Economic Strategy which recommends that Australian companies should strive by 2035 to lift India into their top three export markets.
The strategy also aims to bring India into the inner circle of Australia’s strategic partnerships, among others. fiinews.com
