Australia's Government released (22-Nov-2018) its response to the India Economic Strategy which provides a roadmap for future economic engagement with India. The government agreed on an initial implementation plan, with actions over the next 12 months to include:
- Engagement with airlines to increase direct flights through the Australia-India air services agreement (ASA);
- Creation of an MoU between Austrade and Invest India to promote bilateral investment flows;
- Establishment of an Australia-India food partnership, opening up new opportunities for agri-tech and services companies;
- Expansion of the Australia-India Mining Partnership at the Indian School of Mines, connecting Australian companies to India's north eastern states.
Prime Minister Scott Morrison stated: "India is the world's fastest growing major economy and offers more opportunity for Australian business over the next 20 years than any other single market". [more - original PR]