Team Blitz India
SYDNEY: Prime Minister Narendra Modi has invited Australian businesses to take advantage of investment opportunities in India in sectors like digital infrastructure, telecom, and semiconductors.
He suggested the Australian CEOs to forge partnerships with their Indian counterparts.
The prime minister, while addressing top Australian CEOs at a business round-table here on May 24, also talked about numerous economic reforms undertaken by the government.
He “invited them to take advantage of investment opportunities offered by India in domains of infrastructure including digital infrastructure, IT, fintech, telecom, semiconductors, space, renewable energy including green hydrogen, education, pharma, healthcare including medical devices manufacturing, mining including critical minerals, textile, agriculture and food processing, ” Official Spokesperson, Ministry of External Affairs, Arindam Bagchi said in a tweet.
The government has taken steps like reducing compliance burden, introduction of production linked incentive scheme and easing of foreign direct investment norms.