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Australia looks to invest A$100 billion in India.

Jan 24, 2019 | Emerging Trends, India

T.N. a key investment destination

The Australian government has committed to invest A$100 billion in India and Tamil Nadu will be one of the key States her country would be looking to invest in, Susan Grace, the Australian Consul General in Chennai, said.

“Currently, our investments account for only one fifth of the target and we are looking to invest a lot more,” she said at a press conference during the Tamil Nadu Global Investors Meet 2019. An announcement on the investment would be made in three months, Ms. Grace said.

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She also said one of the key areas Australia could help India was education.

“Australia is the fourth largest country having top 100 universities, after the U.S., U.K. and Canada. Already, there are 70,000 Indian students in Australia,” Ms. Grace said.

Given that India has keen interest in skills development and training, Australia has the best vocational programme, which can launched in India. Another area for collaboration is in terms of trauma care, Ms. Grace added.

Article Source : thehindu

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