Clean energy, education, agribusiness, and tourism have been identified as priority sectors for growth.
The Labor government has announced a sweeping roadmap to deepen ties between Australia and the world’s likely third-largest economy by 2030, India.
Prime Minister Anthony Albanese unveiled the initiative on Feb. 26 at Deakin University, Melbourne, called the Roadmap for Australia’s Economic Engagement with India
The roadmap identifies clean energy, education, agribusiness, and tourism as priority areas for trade expansion.
A $4 million fund will go to the Maitri Grants program to enhance business and people-to-people ties, and includes a $16 million Australia-India Trade and Investment Accelerator Fund to support local businesses expanding into the Indian market.
“What we are able to build on is the strong relationship our two nations already enjoy–economically, culturally, and through the ties of education and sport,” Albanese said.
The roadmap, developed after over 400 consultations, sets out a long-term strategy.
Clean Energy and Education in Focus
Clean energy cooperation is a top priority, with Australia positioning itself as a key partner in India’s renewable…
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