Kovind asks Australian biz community to increase investments in India

Lamenting that Australian businesses were not so visible in India, President Ram Nath Kovind on Thursday asked them to make efforts to address this "gap" and increase their investments in the country which offers them the prospect of "considerable returns".

Addressing the Australian business community in Sydney in presence of Prime Minister Scott Morrison, Kovind said the two countries can collaborate and benefit each other in areas of finance, logistics, industrial design, biotech, capital markets, farming, food and space technology.

"Australia and India have too much at stake in each other to not up their game," he said. "The Indian market offers the Australian investors a huge consumer base and the prospects of considerable returns."
Outlining India's several important economic initiatives, including Goods and Services Tax, Kovind said, "In recent years, India has renewed its commitment to a liberal, transparent and globalised economy."