Minister Piyush Goyal seeks investment from Australian pension funds

Commerce and Industry Minister Piyush Goyal connected Monday sought investments from Australian pension funds successful sectors specified arsenic renewable energy, manufacturing, education, fintech, and agritech.

The curate is successful Australia to enactment successful the Joint Ministerial Commission of the 2 countries.

He besides held a gathering with Tania Constable, CEO of the Minerals Council of Australia, regarding ways to fortify collaboration successful the captious minerals assemblage betwixt India and Australia.

"Minister met elder representatives from the Australian pension funds. Discussions focused connected the robust policies and betterment docket of the Government of India which person boosted capitalist confidence. Minister encouraged greater investments into the emerging sectors successful the Indian market," the commerce ministry said successful a statement.

Critical minerals, specified arsenic cobalt, copper, lithium, nickel and uncommon earths, play a important relation successful the accumulation of cleanable vigor technologies, from upwind turbines to electrical cars.

Such minerals are successful request for the accumulation of batteries for electrical cars.

During his gathering with Joel Katz, Managing Director of the Cruise Lines International Association, Goyal discussed opportunities for enhancing coastal tourism successful India.

The commerce curate besides interacted with Robin Khuda, Founder and CEO of AirTrunk, and discussed India's digitalisation maturation and the important imaginable for collaboration successful the information infrastructure assemblage betwixt the 2 nations.

Australia is the 25th largest capitalist successful India with overseas nonstop investments of USD 1.5 cardinal from April 2000 and June 2024.