PM Modi Invites Australia to Partner in India’s Growth: Calls for Investment in Uranium, Technology, and $4 Trillion Pension Funds
Melbourne: After concluding his visit to Indonesia, Prime Minister Narendra Modi arrived in Australia on Wednesday, where he held bilateral talks with Australian Prime Minister Anthony Albanese on Thursday. The two leaders discussed strengthening cooperation in trade, investment, energy, defence, technology, and other key sectors.
Following the meeting, Prime Minister Modi addressed the India–Australia CEO Forum, where he invited leading Australian businesses and investors to become partners in India’s long-term growth story. He highlighted the country’s ambitious plans in energy, infrastructure, manufacturing, and sustainable development, describing India as one of the world’s most attractive investment destinations.
During his address, PM Modi called on Australia to leverage its vast uranium reserves, advanced technological capabilities, and more than $4 trillion in pension funds by investing in India’s expanding economy. He encouraged Australian companies to participate in India’s clean energy, transportation, digital infrastructure, mining, green hydrogen, and infrastructure development projects.
The Prime Minister noted that the world is currently facing growing uncertainty, supply chain disruptions, and energy security challenges. In such a global environment, he said, it is both natural and essential for trusted democratic partners like India and Australia to deepen their cooperation.
He emphasized that over the past few years, both countries have built a strong foundation for a future-oriented partnership by combining their respective strengths. He described the India–Australia Economic Cooperation and Trade Agreement (ECTA), signed in 2022 in record time, as a major milestone in bilateral economic relations.
According to PM Modi, the implementation of the ECTA has significantly boosted trade, with India’s exports to Australia doubling since the agreement came into force. He said the pact has opened new markets and created fresh business and investment opportunities for companies in both countries.
Expressing confidence in the future of the bilateral relationship, Prime Minister Modi said the India–Australia partnership is set to reach new heights in energy security, critical minerals, clean technology, innovation, education, and trade. He reaffirmed that India remains a reliable, stable, and fast-growing economy, offering immense opportunities for global