INTO INDIA is so excited to see Indian Prime Minister Narendra Modi in Melbourne this week. Welcome!
But why is Modi here? Of course, INTO INDIA has a view:
DIASPORA
India is now Australia’s largest source of migrants. The extended Indian diaspora here is around one million. Modi engages with Indian communities around the world – it is simply good politics.
URANIUM
Prime Minister Anthony Albanese and Modi will unleash a surge of Australian uranium exports to India. The Aussie Government hopes you won’t see too much media on this one.
INVESTMENT
AustralianSuper is one of the biggest Australian investors in India and will announce its commitment to India’s National Investment and Infrastructure Fund with a further $500 million, taking the fund’s overall holdings in India to $3.3 billion.
THE QUAD AND CHINA
Yes, most things are in some way about China. Within the four powers (India, Australia, Japan and USA) which form the QUAD – itself a response to growing China power and influence – India’s closest friend is Japan. Australia is emerging as a serious long=term friend of India. This visit helps that.
FULL FTA
During PM Modi’s visit to Melbourne, the Australia India CEO Forum (which works out of the Business Council of Australia – the “big end of town”) will meet and the Aussies will push hard for a FULL free trade agreement. We might make progress.
INTO INDIA also hopes that the Business Council of Australia and Aussie PM Albanese will get together to plan a major political and business mission to India – hopefully before the end of this year.
In relationships, one visit deserves another in return!
