Media Release – AIBC Congratulates New Australian Prime Minister

The Australia India Business Council Ltd (AIBC) has congratulated the Hon Anthony Albanese MP on his election victory as Australia’s 31st Prime Minister.

Jim Varghese AM, AIBC National Chair said he joined all Australians in wishing Mr Albanese MP all the very best and looked forward to working collaboratively with his government in progressing the Australia India bilateral business, trade and investment space.

Mr Varghese said, “AIBC is now strategically well placed to work with the Albanese government to support increased trade and investment between Australia and India for over 35 years.  Bipartisan support to such trade objectives has been the key success mantra to the growth of Australia India irrespective of the political alignments of the Governments.  Former Prime Minister Bob Hawke, together with the then Indian Prime Minister, was the architect and inspiration behind the establishment of the Australia India Business Council.”

“The Australia India bilateral relationship has never been stronger and the recent Australia-India Economic and Trade Agreement (AI ECTA) signed between the two countries is a focussed platform to take forward,” Mr Varghese said.

Mr Varghese thanked the Albanese government for election commitments made to promote trade and investment and nurture the social capital of the India diaspora.

He also acknowledged former Prime Minister Scott Morrison’s and Tony Abbott’s work in furthering bilateral connections with India, leading to the historic ECTA signed recently by him and Indian Prime Minister Narendra Modi.

Mr Varghese was encouraged by these words of Mr Albanese:  “We are the greatest country on earth.  But we can have an even better future if we seize the opportunities that are right there in front of us.  The opportunity to shape change, rather than be shaped by it.  Together we can work in common interests with business and unions to drive productivity, lift wages and profits.”

In this context, Mr Albanese is placing words into action by getting straight to work by representing Australia at the QUAD Leader’s Summit in Tokyo on Tuesday 24 May, and his first momentous meeting with President Biden, Prime Minister Kishida and Prime Minister Modi.

The AIBC is a national not for profit membership organisation with State Chapters in ACT, NSW, QLD, SA, VIC & WA and will shortly have presence in the NT.

The AIBC has established 17 national industry chapters headed by highly motivated and credentialled chairpersons.  These industry chapters range from education and skills, health, renewable energy, infrastructure, financial services, resources, sports, start-ups to innovation, sport, ICT, agriculture, Make in India, defence and security.

AIBC has also established a subsidiary company called Australia India Business Enterprises to capitalise and accelerate the trade and investment between India and Australia.

Founded over 35 years ago, the AIBC continues to be the peak industry body representing and fostering bilateral trade and investment relations between Australia and India.  The AIBC maintains close relationships with federal and state government agencies, the diplomatic corps and industry bodies, and showcases opportunities to the Australian business community through active program of events nationally.


Jim Varghese AM
National Chair AIBC
M: +61 474 739 479

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