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PM Modi invites Australian businesses to invest in India

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Prime Minister Narendra Modi on Thursday pitched India as a long-term investment destination for Australian businesses and called for the early conclusion of the proposed bilateral Comprehensive Economic Cooperation Agreement (CECA).Modi made the remarks at the Australia-India CEOs Forum and the Economic Roadmap Business event in Melbourne, which he jointly addressed with his Australian counterpart, Anthony Albanese.The events were attended by leading Indian and Australian CEOs and business leaders, according to India’s Ministry of External Affairs (MEA).In a post on X after addressing the CEOs Forum, Modi said, “Since 2023, this forum has gained remarkable momentum, reflecting the growing confidence in our economic partnership. I thank PM Anthony Albanese for joining the interaction and sharing his vision for taking our economic ties to even greater heights.”Modi said he discussed opportunities across sectors such as aviation, transport and logistics, financial services, critical minerals, technology, food processing, food security and skilling.”India offers unmatched opportunities for growth and innovation. I invited businesses to invest and innovate in India,” he said.Addressing the Forum, Modi said that India’s “strong economic growth, policy reforms, digital transformation, and expanding innovation ecosystem were creating new business opportunities for Australian partners,” the MEA said in a statement.

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