This Article is From Jun 06, 2015

Australia Lines Up Investments Worth US $10 Billion for India

Australia Lines Up Investments Worth US $10 Billion for India

Australia is looking at collaborating to support India's food security mission. (Representational Image - A Food storage facility)

Kolkata: Australia has lined up investments worth US $10 billion as it is looking for greater co-operation with India.

"Investments worth US $10 billion are in the pipeline for varied sectors, including resources and manufacturing," Australian High Commissioner to India Patrick Suckling said at an interactive session with MCC Chamber of Commerce and Industry.

He said that Australia is keen on collaborating with India in energy, food, education, and infrastructure sectors.

Mr Suckling said one of the key elements of Indian foreign policy is ensuring its energy security, and Australia can strategically help India with its requirements in coal, gas, steel, and uranium, among others.

The country is also looking at collaborating to support India's food security mission.

The government is trying to modernise the agricultural sector and opportunities for technological collaborations and investment with Australia are there, ranging from cold storages to agricultural technology, Mr Suckling said.

Offering support in the skill development mission, Australian educational institutes are planning to have tie-ups in India, he added.
 
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