Piyush Goyal Seeks Investments from Australian Pension Funds in Emerging Sectors

Commerce and Industry Minister Piyush Goyal called on Australian pension funds to invest in renewable energy, manufacturing, education, fintech, and agritech. He met with Tania Constable and Joel Katz to discuss collaboration in critical minerals and coastal tourism. India seeks to bolster investor confidence through robust policies.


Devdiscourse News Desk | New Delhi | Updated: 23-09-2024 20:27 IST | Created: 23-09-2024 20:27 IST
Piyush Goyal Seeks Investments from Australian Pension Funds in Emerging Sectors
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Commerce and Industry Minister Piyush Goyal has actively urged Australian pension funds to channel investments into sectors like renewable energy, manufacturing, education, fintech, and agritech.

During his visit for the Joint Ministerial Commission, Goyal met with Tania Constable, CEO of the Minerals Council of Australia, to explore collaborations on critical minerals between India and Australia.

He also interacted with Joel Katz, Managing Director of the Cruise Lines International Association, discussing the potential to enhance coastal tourism in India.

In conversations with senior representatives of Australian pension funds, the minister highlighted India's strong policies and reform agenda that have significantly boosted investor confidence. The focus was on encouraging investments into India's emerging sectors.

Additionally, Goyal met with Robin Khuda, Founder and CEO of AirTrunk, to discuss India's strides in digitalisation and the promising prospects for collaboration in the data infrastructure sector.

It's noteworthy that Australia ranks as the 25th largest investor in India, contributing foreign direct investments worth USD 1.5 billion from April 2000 to June 2024.

(With inputs from agencies.)

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