May 24 : During a business roundtable held in Sydney, Prime Minister Narendra Modi extended a warm invitation to Australian companies to tap into the diverse investment opportunities available in India. Highlighting sectors such as infrastructure, IT, fintech, telecom, semiconductors, space, and renewable energy, the Prime Minister emphasized the Indian government’s commitment to economic reforms and initiatives aimed at fostering ease of doing business and propelling economic growth.
PM Modi outlined several key initiatives, including Mission Gati Shakti for comprehensive infrastructure connectivity projects, the Jan Dhan-Aadhar-Mobile trinity, the National Education Policy, the Hydrogen Mission 2050, the PLI scheme, opening private investment in the space and geospatial sectors, the new policy for medical device manufacturing, and the Ayushman Bharat health insurance scheme.
The roundtable witnessed the participation of CEOs representing prominent Australian companies operating across diverse sectors such as steel, banking, energy, mining, and IT. Additionally, vice-chancellors from leading Australian universities also joined the event. The Prime Minister encouraged CEOs to establish mutually beneficial partnerships with their Indian counterparts.
Notable attendees included Matt Comyn, President and CEO of Commonwealth Bank of Australia; Kellie Parker, CEO of Rio Tinto; Philip Chronican, Chairman and Non-Executive Director of National Australia Bank; Innes Willox, CEO of Australian Industry Bank; and Mark Scott AO, Vice-Chancellor & President of the University of Sydney.
