01 June 2023
2023 is turning out to be a landmark year for the rapidly growing Australia-India relationship.
The year started with the Economic Cooperation & Trade Agreement (ECTA) taking effect.
Two months later, in March, Prime Minister Anthony Albanese visited India and then two weeks ago, Prime Minister Modi was in Australia to further strengthen the bilateral dialogue.
Both governments are also engaged in discussions on the wider Comprehensive Economic Cooperation Agreement (CECA), which will be completed later this year.
AIBC is delighted to have been a Welcome Partner for Prime Minister Modi’s reception at the Qudos Bank Arena in Sydney, where he addressed a gathering of over 20,000 members of the Indian diaspora. The vibe and energy of the evening reminded me yet again about the importance of the diaspora as the “living bridge” between both countries and how the diaspora is key to growing trade and investment.
Some key announcements during PM Modi’s visit:
- A new Australia-India Migration and Mobility Partnership Arrangement, to promote the two-way mobility of students, graduates, academic researchers, skilled professionals and entrepreneurs.
- A new Australia-India Green Hydrogen Taskforce to advise the governments on opportunities in renewable hydrogen.
- Establishing an Indian Consulate in Brisbane, given the city’s growing Indian diaspora and Queensland’s significance in the trade and investment ties with India. View AIBC’s Media Release.
- Establishing an Australian Consulate in Bengaluru, signifying the potential for partnership in the digital and innovation ecosystem.
- Establishing the new Centre for Australia India Relations (CAIR) in Parramatta, NSW.
With the growing interest in the bilateral business corridor, we have hosted a number of initiatives focussed on key sectors. Notably, we have been engaging closely with the Queensland government on their new strategy for India. We are also refreshing our industry chapters with a view to offer enhanced support to our members and partners.
Warm regards,
Jodi McKay
National Chair