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In a bid to boost relations, Australia to invest over $280 million in India

The Australian govt will provide additional investment worth $16.6 mn to strengthen linkages with India's key policy and finance institutions and $8.9 mn to support enhanced business engagement

Narendra Modi in US, Scott Morrison
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PM Narendra Modi with Australian counterpart Scott Morrison

Shreya Nandi New Delhi
Australia will invest over $280 million to boost cooperation with India, which will further bolster economic relations and support jobs and businesses in both the countries, according to an official statement released by the Australian government.

The Australian government will provide additional investment worth $16.6 million to strengthen linkages with India’s key policy and finance institutions and $8.9 million to support enhanced business engagement and an increased Austrade presence in India. This will be a part of the ‘Update to the India Economic Strategy to 2035’ launched on Tuesday.

“India and Australia share common values, complementary economies and strong people-to-people

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First Published: Mar 22 2022 | 1:56 PM IST

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