Australia has unveiled a comprehensive plan to boost trade and investment ties with India, on priority areas including clean energy, education, agribusiness, and tourism.
Prime Minister Anthony Albanese highlighted that in pursuing a more diversified trade and growing economy, India is an important partner for Australia. “This roadmap will unleash huge possibilities, deepening our ties with one of the world’s fastest growing economies.
The programme details nearly 50 engagements to build momentum especially in defense, technology, sports and space sectors. To get the plan underway, the Australian government has provided $16 million funding for an Australia-India Trade and Investment Accelerator Fund, to help businesses to increase their engagement in India. 
Australia’s Foreign Minister Penny Wong underlined the huge importance of this roadmap to Australia’s economic future. “Strengthening our ties with India is part of our wider Indo-Pacific approach to securing long-term prosperity and stability”, she pointed out.
Furthermore, Australia is to fund an extra $4 million in the Maitri Grants programme to promote cultural and business exchange between the two countries.
Trade Minister Don Farrel labeled the program as a “blueprint” for firms to take advantage of the 1.4 billion-strong market of India.
Given trade between the two countries is already booming thanks to the Free Trade Agreement, this plan is going to take the relationship to new levels with business and consumer outcomes set to improve.
