Australia lines up investments worth $10 billion for India
June 05, 2015
Kolkata
Australia has lined up investments worth USD 10 billion for India as it is looking for greater co-operation with the country.
“Investments worth USD 10 billion is in the pipeline in varied sectors, including resources and manufacturing,” Australian High Commissioner to India Patrick Suckling said at an interactive session with MCC Chamber of Commerce and Industry.
He said his country is keen on collaborating with India in energy, food, education and infrastructure sectors.
Suckling said one of the key elements of Indian foreign policy is ensuring its energy security and Australia can strategically help India with its requirements in coal, gas, steel and uranium, among others.
The country is also looking at collaborating to support India’s food security mission.
The government is trying to modernise the agricultural sector and opportunities for technological collaborations and investment with Australia are there, ranging from cold storages to agricultural technology, Suckling said.
Offering support in the skill development mission, Australian educational institutes are planning to have tie-ups in India, he added.
PTI
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