Albanese Pledges to Boost Economic Ties with India

Canberra: Australia’s relationship with India has never been stronger, and Prime Minister Anthony Albanese on Wednesday committed to taking it to the next level.

The country is boosting its economic ties with India to create jobs at home and has launched a new roadmap to maximize trade and investment opportunities

In a post on X, Albanese said that Canberra is boosting economic ties with New Delhi to create domestic jobs.

“Australia’s relationship with India is stronger, deeper, and more important than ever. But there is so much more to come. We’re boosting Australia’s economic ties with India to create jobs at home,” the Australian PM said.

“And today, we launched a new roadmap that’s all about making the most of the trade and investment opportunities ahead,” he added.

Australian government earlier today unveiled a roadmap, according to which Australia is investing USD 16 million in the Australia-India Trade and Investment Accelerator Fund (TIAF). This fund will help Australian businesses tap into India’s fast-growing market and unlock new commercial opportunities.

This roadmap identifies four key areas of growth, dubbed “superhighways of growth”: clean energy, education and skills, agribusiness, and tourism. These sectors have been chosen for their potential to drive economic growth and create new opportunities for Australian businesses.

Earlier, Albanese said, “India is an essential partner as we diversify our trade links to boost prosperity for all Australians. This Roadmap is critical to helping us fully realize our potential with India, which will be a boon to Australia’s economy, our businesses and jobs, and our prosperity.”

Australia unveiled an ambitious roadmap to deepen and diversify its trade and investment ties with India. The roadmap identified four “superhighways of growth”—clean energy, education and skills, agribusiness, and tourism. (IANS)

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