Commerce Minister to interact with leading Australian and Indian CEOs, discuss investment avenues in India

At the invitation of Senator, The Hon’ble Don Farrell, the Minister of Trade and Tourism of Australia, Shri Piyush Goyal, Minister of Commerce and Industry will undertake a visit to Australia from September 23-25, 2024.

Shri Piyush Goyal will co-chair with Minister Farrell the 19th India-Australia Joint Ministerial Commission meeting to be held in Adelaide on September 25, 2024, during which both sides will discuss ways to further elevate the bilateral economic engagement.

Commerce Minister will interact with leading Australian and Indian CEOs & industry leaders and representatives from Australian pension funds to highlight the vast opportunities for investment in India. His interactions with business and industry leaders in events organized by Business Council of Australia, Centre for Australia- India relations, India Australia Business Community Alliance, AsiaLink Business and CREDAI will stress leveraging the complementary strengths and synergies between the economies of India and Australia. He will also interact with the representatives of the vibrant Indian community in Sydney, Indian origin Chartered Accountants and emerging leaders of Indian diaspora from various walks of life.

Commerce Minister's visit will add further impetus to the strong and growing trade and investment ties between India and Australia, which have received a boost following finalization of the bilateral Economic Cooperation and Trade Agreement. It will encourage business-to-business engagement, and promote strategic partnerships across sectors of priority to both sides, including critical minerals, manufacturing, education, renewable energy, infrastructure, tourism, space etc. The visit will also bring in sharper relief the collaborative potential of ‘Make in India’ and ‘Future Made in Australia’ initiatives creating more jobs and economic benefits to people of both the countries. The visit is particularly opportune as it comes at a time when India and Australia have intensified their engagement both bilaterally and in various fora, such as G20 and the Quad, to work together for global good.

Shri Goyal will also participate virtually at the meeting of the Indo-Pacific Economic Framework on September 24, 2024.

Bilateral economic cooperation to be advanced through ministerial commission and business engagement, promoting investment and strategic partnerships. Shri Piyush Goyal will co-chair the India Australia Joint Ministerial Commission to pursue enhanced bilateral economic engagement, operationalise the Economic Cooperation and Trade Agreement, and promote business-to-business engagement and strategic partnerships across sectors such as critical minerals, manufacturing, education, renewable energy, infrastructure, tourism and space. He will also meet leading CEOs, industry leaders and pension fund representatives to highlight investment opportunities and bilateral synergies.