Union Minister for Commerce and Industry, Piyush Goyal has invited Australian businesses to Make in India and said that the Startups from both nations must engage with each other. He underscored that Australia has fantastic innovations and research and new ideas and India has the talent pool to take these to the world.
Expressing the hope that Investments will flow into India from Australia at a faster pace, he said that Western Australia can be at the forefront of the expanding relationship between the two nations.
“The proximity between the region and India provides an opportunity for much deeper economic engagement,” said Goyal, addressing the gathering at the Business Luncheon hosted by Deputy Premier Roger Cook in Perth. Speaking of India’s bid to build strategic partnerships, the Minister said that India has become a part of QUAD and the Supply Chain Resilience Initiative (SCRI).
Referring to the disturbances that afflicted some parts of the world, Shri Goyal asserted that two strong democracies, two friends working together for shared prosperity, trusting each other, believing in each other would send a strong message of unity, a message of ‘ekta’ to the world.
“Together we will make our geopolitical presence stronger and work to maintain the Indo-Pacific area as a region of peace, prosperity, stability, tranquility and growth,” he said.
Goyal said that that the India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) will take relationships between the nations to greater heights and added that the spirit of cooperation and friendship with which the negotiations happened was truly remarkable.
Outlining areas of focus under the agreement such as education, research, innovation, technology, manufacturing etc, the Minister called for deepening engagements in areas such as the space sector and sustainability.
Commenting that despite challenging times, the relations with two nations were only getting better and better, he expressed his gratitude to Australians for the love and care they bestowed on every Person of Indian Origin who had made Australia their home. This truly defined the brotherhood between the two nations, he said.
