Will keep working to grow economic ties with India: Anthony Albanese

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Australia will keep working with business leaders and universities to grow the country’s economic ties with India, Australian Prime Minister Anthony Albanese said on Thursday.

Albanese held a meeting with Prime Minister Narendra Modi here and said that together “we’re growing our economies and backing Australian and Indian businesses”.

“The bond between our people has driven so many of our business success stories. And we’ll keep working with business leaders and universities to grow Australia’s economic ties with India,” he wrote on X.

“Creating jobs here at home and making the most of the trade and investment opportunities ahead,” he added.

During his visit, Prime Minister Modi also met Scott Morrison, former Prime Minister of Australia, and had a conversation on the India-Australia friendship.

Earlier in the day, PM Modi pitched India as a long-term investment destination for Australian businesses. He said that the country’s scale and Australia’s expertise make for a “win-win proposition”.

Prime Minister Modi has called for faster conclusion of the proposed Comprehensive Economic Cooperation Agreement (CECA) to deepen bilateral economic ties.

Jointly addressing the Australia-India CEOs Forum with Albanese, the Indian PM said New Delhi’s strong economic growth, policy reforms, digital transformation and expanding innovation ecosystem creating new opportunities for Australian companies.