India-Australia to strengthen trade ties

Finance Minister P Chidambaram on Wednesday said there was huge opportunity for an increase in investments from Australia into India, particularly in sectors like mines and minerals, clean and renewable energy, food processing, engineering, manufacturing, marine and fishery.

At a meeting with Wayne Swan, deputy prime minister and Treasurer of Australia at his office, Chidambaram said India-Australia bilateral partnership, which was raised to the level of strategic partnership in 2009, has led to a rapid expansion in trade and investment ties between the two countries.