Prime Minister Narendra Modi invited Australian businesses to become partners in India’s growth story during the India-Australia CEO Forum in Melbourne. He highlighted India’s strong economic growth, reform-driven business environment and expanding innovation ecosystem, while encouraging investment in manufacturing, clean energy, AI, fintech and infrastructure.
Key Highlights
- PM Modi invites Australian companies to invest in India’s high-growth sectors.
- Manufacturing, AI, clean energy, fintech and critical minerals identified as priority areas.
- India-Australia CEO Forum aims to deepen trade and investment cooperation.
- PM Modi and Anthony Albanese reaffirm commitment to strengthening economic ties.
Melbourne, July 09: Prime Minister Narendra Modi on Thursday urged Australian businesses to actively participate in India’s economic transformation, highlighting the country’s rapid growth, stable policy framework and expanding innovation ecosystem. Addressing the India-Australia CEO Forum in Melbourne alongside Australian Prime Minister Anthony Albanese, he described India as an attractive destination for long-term investment and strategic partnerships.
Speaking to leading business executives from both countries, PM Modi said India’s strong economic performance, reform-oriented governance and digital transformation have created unprecedented opportunities for global investors. He invited Australian companies to collaborate in manufacturing, clean energy, critical minerals, artificial intelligence (AI), fintech, digital economy and infrastructure, emphasising that India’s scale and Australia’s expertise together create a win-win partnership.
According to the Ministry of External Affairs (MEA), the Prime Minister highlighted India’s rapidly expanding innovation ecosystem and called for deeper business engagement to unlock new opportunities in emerging technologies and sustainable development. The discussions reflected the shared commitment of both governments to strengthen trade, investment and economic cooperation under the India-Australia Comprehensive Strategic Partnership.
The India-Australia CEO Forum, established in 2012 and relaunched in 2023 by the two Prime Ministers, serves as an important platform for industry leaders to provide strategic recommendations on enhancing bilateral trade, investment and economic prosperity. The forum also supports the implementation of collaborative initiatives across key sectors, including energy, technology and advanced manufacturing.
During the Economic Roadmap Business Reception, PM Modi described India and Australia as “natural and trusted partners” in an increasingly uncertain global economy. He noted that the strong presence of business leaders reflected the shared confidence and aspirations of both nations and encouraged greater collaboration in clean energy, infrastructure, education, innovation and digital technologies to build a resilient and future-ready economic partnership.
Conclusion
PM Modi’s address at the India-Australia CEO Forum reinforces the growing economic partnership between the two countries, with a strong focus on investment, innovation, technology and sustainable growth, opening new avenues for long-term business collaboration.
