AustralianSuper CEO, Paul Schroder, commended Prime Minister Narendra Modi’s strategic outlook on India’s economic development, stating that it has bolstered investor trust in the nation. Schroder highlighted PM Modi’s grasp of business dynamics and investment principles, emphasizing his commitment to ensuring a conducive environment for long-term investments in India.
Schroder expressed admiration for PM Modi’s engagement with businesses, lauding his focus on sustainable economic progress and investor-friendly policies. AustralianSuper, Australia’s largest pension fund, announced a significant $500 million investment in India’s National Investment and Infrastructure Fund (NIIF), elevating its total investments in India to $3.3 billion across various asset classes.
The investment announcement was made during the Australia-India Annual Leaders’ Summit, where PM Modi and Australian Prime Minister Anthony Albanese jointly addressed the Australia-India CEOs Forum and the Economic Roadmap Business event. Schroder emphasized the importance of fostering economic ties between India and Australia, underscoring the mutual benefits of such collaborations for both nations.
PM Modi welcomed AustralianSuper’s additional investment in the NIIF, interpreting it as a vote of confidence in India’s growth trajectory and reform agenda. He highlighted the investment as a testament to the vast opportunities that India’s expanding economy presents to global investors seeking sustainable returns. AustralianSuper’s latest commitment follows its successful $240 million investment in the NIIF in 2019, recognized as one of its top-performing infrastructure investments.
