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Prime Minister Narendra Modi on Thursday pitched India as a long-term investment destination for Australian businesses and called for the early conclusion of the proposed bilateral Comprehensive Economic Cooperation Agreement (CECA). Modi made the remarks at the Australia-India CEOs Forum and the Economic Roadmap Business event in Melbourne, which he jointly addressed with his Australian counterpart, Anthony Albanese. The events were attended by leading Indian and Australian CEOs and business leaders, according to India's Ministry of External Affairs (MEA). In a post on X after addressing the CEOs Forum, Modi said, "Since 2023, this forum has gained remarkable momentum, reflecting the growing confidence in our economic partnership. I thank PM Anthony Albanese for joining the interaction and sharing his vision for taking our economic ties to even greater heights." Modi said he discussed opportunities across sectors such as aviation, transport and logistics, financial services, criti
Prime Minister Narendra Modi on Monday left for a three-nation tour of Indonesia, Australia and New Zealand, saying the visit will further strengthen India's Act East Policy, MAHASAGAR Vision and its commitment to a free, open and inclusive Indo-Pacific. Modi will visit Indonesia from July 6-8, Australia from July 8-10, and New Zealand from July 10-11, with the tour aimed at deepening bilateral ties. "My visit to Indonesia and Australia in the Eastern and Southern Indian Ocean respectively, followed by New Zealand will further strengthen India's Act East Policy, MAHASAGAR Vision as well as our outlook towards a free and open Indo-Pacific," Modi said in a departure statement. MAHASAGAR, or Mutual and Holistic Advancement for Security Across the Regions, is India's vision of security and growth for all regions. At the invitation of the President of Indonesia Prabowo Subianto, Modi said he will be visiting Indonesia from July 6-8. "India and Indonesia elevated bilateral ties to a ...
Australian Prime Minister Anthony Albanese on Thursday said he looked forward to hosting PM Narendra Modi again soon, while describing India's growing economic importance as an "extraordinary opportunity" for the Indo-Pacific region. Addressing the parliament in Canberra, Albanese said India, which already has the largest population in the world, was set to become the third-largest economy over this decade. "That is an extraordinary opportunity for us in our region. We are a Pacific nation, but we are also an Indian Ocean nation as well," he said. He said the Economic Cooperation and Trade Agreement, which was signed in 2022, had enhanced the trading relationship between the two countries, and that they were further drawn together through culture, education and cricket. Albanese recalled that he had first visited India as a backpacker in 1991 and had since made two visits as prime minister. He said the best way to understand India was to travel by bus or train. "It is a wonderful