The relationship between India and Australia dates long back to 1788 immediately following European settlement. Since then, the ties have only strengthened, and the two nations now thrive on a strong and productive bilateral partnership. The scope of Australia’s relationship with India has increased in line with India’s rapid economic and strategic growth, further propelled by unparalleled rise in mutual trade and investments.
MoU on mines safety: In Jan 2019, Directorate general of mines safety (DGMS), Government of India and Department of natural resource mines and energy, Queensland Government, Australia signed an MoU on mines safety.
Civil Nuclear Cooperation Agreement: Signed between the two countries in September 2014 during the visit of the then PM Tony Abbott to India. The agreement came into force from 13 November 2015 and provides the framework for substantial new trade in energy between Australia and India.
Australia-India Strategic Research Fund (AISRF): The two countries have identified a number of collaborative research projects in areas such as agricultural research, astronomy and astrophysics, environmental sciences, microelectronics, nanotechnology, renewable energy, marine sciences and earth systems sciences.
Joint Working Group on Energy and Minerals: Established in 1999 to expand bilateral relationship in the energy and resources sector.
Joint Working Group on Education: The two countries have identified several key areas for co-operation, including collaborative research in education policy, student exchange programs, capacity building in vocational education and distance learning in higher education.
Commercial Dialogue: Australia-India Commercial Dialogue is set up to discuss trade and commerce relations and highlight key issues that affect business entities. The aim of this alliance is to identify areas for closer collaboration for mutual benefit of both economies.
Australia-India CEO Forum: The CEO Forum is a platform to highlight key issues that affect business entities and to identify areas for closer collaboration for mutual benefit of both economies.
India-Australia Joint Ministerial Commission: India-Australia Joint Ministerial Commission (JMC) was established in 1989 to enable interaction at a Government and business level on a range of trade and investment related issues.
FDI Equity Investment in India: India received $990.3 mn in FDI (in equity inflows) from Australia between 2000-2021. Over the last few years, key sectors such as infrastructure have attracted the highest investment from Australian investors.
The Indian community in Australia continues to grow in size and importance, with the population of nearly 7 lakhs.
India is one of the top sources of skilled immigrants to Australia. There is a constant flow of students and tourists from India.
The number of Indian students continue to grow with approximately 90,000 students presently studying in Australian universities.
India is now the third largest source of immigrants to Australia, after UK and New Zealand and the largest source of skilled professionals for Australia.
The growing significance of the community is reflected in the large-scale celebration of Indian festivals in Australia, especially Deepawali.
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The World's Most Innovative Investment Promotion Agency Award 2021 awarded by OCO Global
United Nations Conference on Trade and Development (UNCTAD) Investment Promotion Award 2020 for best practices in COVID response
Best Investment Project Award five years in a row - 2016 to 2020 at the Annual Investment Meeting (AIM) organized by the Ministry of Economy, UAE.
Great Place to Work Certification by GPTW Survey 2019
The UNCTAD Award 2018 for promoting investment in sustainable development
Great Place to Work Certification by GPTW Survey 2018
Investment Award 2016 from the Indian Ocean Rim Association (IORA)
United Nations Conference on Trade and Development (UNCTAD) Investment Promotion Award 2016 for excellence in partnering for investment promotion