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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 an unparalleled rise in mutual trade and investments.

    • Prime Minister of Australia, Hon Anthony Albanese MP, visited India from 8-10 September 2023 to participate in the G20 Summit in New Delhi. He also had a pull-aside meeting with Prime Minister of India, Shri Narendra Modi. 

    • The Hon’ble PM Modi visited Australia in May 2023 - the second visit to Australia since he took office and his sixth meeting with PM Anthony Albanese. The leaders discussed collaboration in mining, critical minerals, and green hydrogen, opening more diplomatic offices bilaterally, the importance of the Indo-Pacific, the strong cultural bond that was highlighted during the diaspora outreach and Hon’ble PM Modi urging Australian businesses to invest in various sectors in India.

    • Prime Minister of Australia Hon Anthony Albanese visited India from 8th March to 11th March 2023 as his first State visit to India. 

    • Jason Clare MP, Minister for Education visited India from 28th February- 3rd March 2023 and signed Mechanism of Mutual Recognition of Education Qualification on 2nd March 2023.  

    • 18th India-Australia Joint Ministerial Commission (JMC) held between India’s Minister of Commerce and Industry, Shri Piyush Goyal, and Australia’s Minister for Trade and Tourism, Senator the Hon Don Farrell, to discuss next steps for further enhancing the bilateral economic relationship. 

    • 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.

    • The India-Australia Economic and Cooperation Trade Agreement (Ind-Aus ECTA), which is expected to double trade between the two countries to $50 Bn, came into effect on 29th December 2022. Explore More

    • Presidents of Australia and India along with counterparts of USA and Japan convened first in-person Leaders’ Summit of the Quad on ambitious initiatives that deepen the ties and advance practical cooperation on 21st-century challenges.

    • Prime Minister Shri Narendra Modi met Anthony Albanese MP, Prime Minister of Australia on the sidelines of the Quad Leaders’ Summit on 24 May 2022. Both leaders reviewed the multi-faceted cooperation under the Comprehensive Strategic Partnership.  Shri Narendra Modi held a bilateral meeting with PM Anthony Albanese on 16 November 2022 on the sidelines of G20 in Bali.

    • Prime Minister Shri Narendra Modi and Scott Morrison, former Prime Minister of Australia held the 2nd India-Australia Virtual Summit on 21 March 2022. 

    • Prime Minister Shri Narendra Modi and Scott Morrison, Prime Minister of Australia held India-Australia Virtual Summit on 4 June 2020 where the bilateral Strategic Partnership concluded in 2009 was elevated to Comprehensive Strategic Partnership (CSP). 

    • Australia, India and Japan launched the Supply Chain Resilience Initiative (SCRI) in April 2021 to create a virtuous cycle of enhancing supply chain resilience with a view to eventually attaining strong, sustainable, balanced and inclusive growth in the region.

    • India and Australia signed a MoU on Tourism cooperation to help give a fillip to tourism post-pandemic between the two countries.

    • Joint Working Group on Energy and Minerals: Established in 1999 to expand bilateral relationship in the energy and resources sector. 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.

    • India is the 6th largest trading partner of Australia. India-Australia merchandise trade amounted to $24 Bn FY 2023-24.

    • FDI Equity Investment in India: India received $14.48 Bn in FDI (equity inflows) from Australia between Apr 2000 to Mar 2024. Over the last few years, key sectors such as infrastructure have attracted the highest investment from Australian investors.

    • Australia-India CEO Forum: The CEO Forum is a platform to highlight key issues that affect business entities and to identify areas of closer collaboration for the mutual benefit of both economies. It was held in March 2023 in Mumbai with the participation of leading CEOs of top companies from India and Australia to leverage the growing investment between the two countries.

    • India and Australia signed the Economic Cooperation and Trade Agreement (ECTA) to increase bilateral trade to $50 Bn in the next five years and $100 Bn by 2030.

    • During the 2nd Virtual Summit held on 21 March 2022, an MOU on Co-Investment in Australian Critical Minerals Projects was signed between Khanij Bidesh India Ltd. (KABIL), India and Critical Minerals Facilitation Office (CMFO) Australia. 

    • India’s main exports to Australia are refined petroleum, medicaments (incl. veterinary), pearls & gems, jewellery, made-up textile articles, while India's major imports are coal, confidential items of trade, copper ores & concentrates, natural gas, non-ferrous waste & scrap, ferrous waste & scrap and education related services. 

    • 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. 

    • 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.

    • The Indian community in Australia continues to grow in size and importance. Indian-related ancestry population is about 9,76,000 (Census 2021). After England, India is the second largest migrant group in Australia (2021). 

    • Both countries signed India-Australia Migration and Mobility Partnership Arrangement (MMPA), which will further facilitate mobility of students, professionals, researchers, academics and others, including through a new skilled pathway named MATES (Mobility Arrangement for Talented Early Professionals Scheme) specifically created for India. 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 currently enrolled for studying in Australia is estimated at around 118,869 (July 2023). 

    • 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. 

      1. In 2021 Census, India has moved past China and New Zealand to become the third largest country of birth in Australia behind Australia and England.
      2. Punjabi language had the largest increase of over 80% from 2016 showing over 239,000  people using Punjabi at home in Australia.

Prominent Investments

Australia in India

Macquarie Group

Macquarie provides advisory and capital raising services to corporate and government clients involved in public mergers and acquisitions, private ...Read more

ANZ Bank

The commercial bank provides personal banking along with debt investments in the form of bonds and notes. India ops: ANZ Bank has offices in ...Read more

BHP Billiton

BHP is a leading global diversified miner supplying iron ore, copper, oil, gas, and metallurgical. India ops: Office in Gurugram BHP Billiton has ...Read more

Wesfarmers

Wesfarmers is Australia's largest conglomerate. Its retail operations include the Bunnings hardware chain (number one in market share), discount ...Read more

Telstra

Telstra Ventures is the corporate venture capital arm of Telstra. The firm invests in technology companies and offers synergy revenues to its ...Read more

India in Australia

Bank of Baroda

Founded in 1908, Bank of Baroda is a banking institution based in Baroda, India. The company provides banking services including commercial, personal ...Read more

Sterling & Wilson

Sterling and Wilson Solar Ltd is an Indian company primarily engaged in the business of complete Turnkey solution for Engineering, Procurement, ...Read more

Tata Consulting Services

Based in Mumbai, India, Tata Consulting Services is a leading global IT services provider. The IT services firm employs nearly 450,000 employees and ...Read more

Infosys

Infosys is a leading global IT services provider, with nearly 250,000 employees in 46 countries. Based in Bangalore, the firm offers traditional IT ...Read more
  • Metals and Mining

    Metals and Mining

    • #1 

      Largest sponge iron producer globally

    • #2 

      Largest Crude steel producer in the world

    • #2

      Largest producer of coal in the world

      • 255 MT of Forecasted crude steel demand/production (2030-31)
      • India exported 74.9 LMT of finished steel in FY 2023-24 
      • India is set to achieve a total crude steel capacity of 300 MTPA and total crude steel demand/production of 255 MTPA by 2030-31
    Visit Sector 21Investible Projects
  • Food Processing

    Food Processing

    • #1 

      Largest producer, consumer, and exporter of spices

    • #1 

      Producer of Milk globally

    • #2 

      Producer of tea and sugarcane in the world

      • India’s food processing sector is one of the largest in the world and its output is expected to reach $535 Bn by 2025-26
      • Pradhan Mantri Kisan SAMPADA Yojana, a government scheme, was formulated for creating a modern infrastructure with efficient supply chain management from farm gate to retail outlet
      • The contribution of the food processing sector has increased continuously with Gross Value Added (GVA) in food processing sector to INR  2.08 Lakh Cr in 2021-22 at a CAGR of 7.26%
    Visit Sector 76Investible Projects
  • FinTech & Financial Services

    FinTech & Financial Services

    • #1 

      Highest fintech adoption rate (87%) globally

    • #3 

      Largest Fintech ecosystem Globally

    • 50%

      The total value of UPI transaction was nearly 50% of India’s nominal GDP for the FY 2022-23

      • Indian FinTech industry’s market size is estimated at ~$150 Bn by 2025
      • India led Asia-Pacific in fintech investments with $5.94 Bn raised across 236 deals in 2021
      • The number of digital payment transactions undertaken  in FY 2023-24 till 12th Dec 2023 stood at 11,660 Cr
    Visit Sector
  • Healthcare

    Healthcare

    • 262 Mn+

      e-Sanjeevani telemedicine consultations have been completed

    • #1 

      Largest Government funded Health Insurance Scheme - Ayushman Bharat Yojana

    • #1

      India is the world's largest supplier of generic drugs

      • India's healthcare sector is expected to reach a size of $50 Bn by 2025
      • The MedTech sector in India was worth $10.36 Bn in 2020 and is expected to be $50 Bn during 2020–2025
      • Universal Immunization Programme (UIP) is one of the largest cost-effective public health interventions targeting close to 2.67 Cr newborns and 2.9 Cr pregnant women annually for reduction of vaccine-preventable under-5 mortality rates, by providing free of cost against 12 vaccine-preventable diseases
    Visit Sector 623Investible Projects
  • Retail & E-commerce

    Retail & E-commerce

    • #2

      Rank in Global Retail Development Index (GRDI), 2021

    • #3

      Largest consumer economy by 2025

    • #5

      Largest preferred retail destination globally

      • Asia’s 3rd largest retail market and 4th largest globally
      • E-commerce market is expected to grow to $200 Bn by 2026
      • Initiatives taken by the Government for the promotion of e-Commerce, including the Digital India program, UPI, One District - One Product (ODOP) initiative, Open Network for Digital Commerce (ONDC) etc., have been major contributory factors to the growth of E-commerce in recent years.
      • According to the Global Payments Report by Worldpay FIS, India’s e-commerce market is projected to post impressive gains and grow at 18% annually through 2025
    Visit Sector 2Investible Projects
  • Textile and Garments

    Textile and Garments

    • #1

      Producer of Cotton and Jute

    • #2

      Producer of polyester, silk and fibre

    • #2

      Largest exporter of textiles and apparel 

      • Indian textile and apparel exports stood at $34.4 Bn in FY 2023-24
      • India has positioned itself as the 5th largest textile market globally
      • The market size of the industry stands at $20 Bn with an annual average growth rate of 8%
    Visit Sector 4Investible Projects
  • Automobile & Auto-Components

    Automobile & Auto-Components

    • #1

      Largest Two-wheeler manufacturing country globally

    • #3

      Largest Automotive Market

    • #4

      Largest car manufacturing country

      • India aims to double its auto Industry size to INR 15 Lakh Cr by the end of 2024
      • Employs 19 Mn people both directly and indirectly
    Visit Sector 5Investible Projects
  • Oil & Gas

    Oil & Gas

    • #1

      Largest exporter of Petroleum products in Asia

    • #2

      Largest refiner in Asia

    • #3

      Largest consumer of crude oil and petroleum products

      • Target of achieving 20% ethanol blending in petrol by 2025
      • Presently, about 23,500 km of long gas pipeline network is under operation in the country and around 12,000 km of pipeline is approved/under construction
    Visit Sector 1Investible Projects
  • Renewable Energy

    Renewable Energy

    • #2

      Highest installed wind capacity in Asia

    • #4

      Solar Power Capacity Globally (as per REN21 Renewables 2022 Global Status Report)

    • #4

      Largest Renewable energy capacity globally

      • 5th largest for installed solar capacity
      • The 30-GW renewable energy park at Kutch, Gujarat is billed as the largest of its kind in the world
    Visit Sector 499Investible Projects

Investible Projects

Explore Opportunities

  •  
    Projects

    6493

  •  
    Opportunity

    $ 383.24 bn

  •  
    Promoters

    2572

  •  
    District

    714

  •  
    Private Projects

    100

  •  
    Govt. Projects

    6071

Recent Investments

JARVIS Invest expands to Australia, deploys AI-driven equity analytics & technology to enable investments in India and Australian equity market

JARVIS Invest expands to Australia, deploys AI-driven equity analytics & technology to enable investments in India and Australian equity market

JARVIS Invest, India’s first AI-based Investment advisory platform, is further expanding to Australia and has chosen Melbourne as its Oceania headquarters. After the recent expansion in the Middle East for its B2B Enterprise product, the company has chosen to expand to Australia and tap into the country’s robust tech and investment ecosystem.

The company’s expansion into Australia is a key milestone in its global expansion plans. With the support of Australian investors, JARVIS Invest will be able to deploy its AI technology to invest in India and Australia equity markets, capitalizing on market opportunities and delivering superior returns for its clients.
 

Thermax

Pune-based Thermax and Australia's Fortescue Future Industries entered into a partnership to explore Green Hydrogen projects in India.

Thermax, a Pune-based energy company, and Australian green energy firm, Fortescue Future Industries (FFI), said they have signed a Memorandum of Understanding (MOU) to explore green hydrogen projects including new manufacturing facilities in India.

KfW IPEX-Bank provides financial support to Australian Cos. supplying products to Jindal Stainless

KfW IPEX-Bank is providing $82 Mn in financing to support Austrian companies Primetals Technologies Austria GmbH and Andritz AG in supplying products and services to Jindal Stainless (JSL).

JSL is procuring capital equipment from Europe as part of its plan for an expansion of its production facilities in Jajpur in the Indian state of Odisha. The expanded facility is expected to increase stainless steel production capacity from 1.1 Mn Tonnes per annum (MTPA) to 2.1 MTPA.

Australia Team

One-stop-shop for exploring and materializing your India entry plans. Working closely with the Union Ministries, States and regulatory authorities, we bring to you a seamless experience in kick-starting your India business.

Key Functions:

  • End-to-end spectrum of investment promotion – research, outreach, promotion, facilitation and aftercare
  • Initiating, attracting, facilitating, fast-tracking and handholding Australian investments across sectors
  • Providing information on investment opportunities across sectors, in specific projects 
  • Extending holistic support to small and medium enterprises from Australia with an interest in investing in India

Team Advantages

  • Opportunity assessment

    Opportunity assessment

  • Policy and incentive advisory

    Policy and incentive advisory

  • Location assessment

    Location assessment

  • Market entry strategy

    Market entry strategy

  • JV and strategic partner research

    JV and strategic partner research

  • Approvals and compliance advisory

    Approvals and compliance advisory

  • Issue redressal support

    Issue redressal support

  • Expansion advisory

    Expansion advisory

  • Policy impact analysis

    Policy impact analysis

Latest Updates

  • India and Australia to wok closely for collaborative projects and capacity building

    Press Release

    India and Australia to wok closely for collaborative projects and capacity building

    Read Now
  • AIM– NITI Aayog launches new accelerator to support Australian and Indian circular economy startups to rise

    Press Release

    AIM– NITI Aayog launches new accelerator to support Australian and Indian circular economy startups to rise

    Read Now
  • India and Australia sign a Framework Mechanism for Mutual Recognition of Qualifications

    Press Release

    India and Australia sign a Framework Mechanism for Mutual Recognition of Qualifications

    Read Now
  • India-Australia

    Press release

    India Australia Economic Cooperation and Trade Agreement: A Win-Win for India and Australia

    Read Now
  • Prime Minister's meeting with the Prime Minister of Australia on the sidelines of G-20 Summit in Bali

    Press Release

    Prime Minister's meeting with the Prime Minister of Australia on the sidelines of G-20 Summit in Bali

    Read Now
  • Australia Economic Strategy

    Report

    Australia Economic Strategy

    Read Now
  • An India Economic Strategy to 2035: Navigating from potential to delivery

    Report

    An India Economic Strategy to 2035: Navigating from potential to delivery

    Read Now
  • Investment Promotion Reforms in India

    Report

    Investment Promotion Reforms in India

    Read Now
  • Ease of Doing Business in India

    Report

    Ease of Doing Business in India

    Read Now
  • 1

    Press Release

    India and Australia are deepening ties through two-way mobility to fulfil 21st century aspirations

    Read Now

About Us

Invest India

The one stop-shop to ensure your success in India

Our Prestigious Awards

We are the most awarded IPA in the world

  • 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

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