Minister touts investment opportunities in India for Australian super funds
SYDNEY – India’s Commerce Minister, Suresh Prabhu, has urged representatives of some 25 Australian superannuation funds to invest in India. Prabhu was in Australia to attend the 15th India-Australia Joint Ministerial Commission (JMC) meeting in Canberra.
Addressing the super funds in Sydney, Prabhu spoke of the work being done towards transforming and reforming India, and the investment opportunities being generated.
He focussed on structural changes such as the introduction of a GST, the shifting of informal sector resources to the formal sector through through financial inclusion and increased digitisation, and the measures being taken towards making the processes of doing business in India easier.
He highlighted investment opportunities in infrastructure projects, such as industrial corridors, ports, smart cities, airports and railways.
Prabhu mentioned sectors of knowledge-based agriculture, services, education and manufacturing as the key areas of mutual co-operation between India and Australia (ATI).