More reports on: Economy - general

Australia lines up investments worth $10 bn in India

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08 June 2015

Australia is keen on collaborating with India in a way to meet and support its food and energy needs, Australian high commissioner to India Patrick Suckling said, adding that his country was keen on collaborating with this country in energy, food, education and infrastructure sectors.

Australia, he said, is looking at increased economic co-operation with India and has lined up investments worth $10 billion in the energy, food, education and infrastructure sectors in the country.

"Investments worth $10 billion are in the pipeline in varied sectors, including resources and manufacturing," 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. Australia, he said, is also in a position to support India's food security mission.

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.

Suckling said Australia also finds opportunities for collaboration and investments in cold storages and agricultural technology in India as the Indian government is trying to modernise the agricultural sector.

Besides, he said the Modi government's skill development mission offers great scope for Australian educational institutes to have tie-ups in India.





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