Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, expressed appreciation for AustralianSuper’s additional $500 million investment in India’s National Investment and Infrastructure Fund (NIIF). She credited Prime Minister Narendra Modi for encouraging increased investments in India and strengthening the NIIF. AustralianSuper, Australia’s largest pension fund, announced the investment, boosting its total holdings in India to $3.3 billion.
Prime Minister Modi, at the Australia-India Annual Leaders’ Summit in Melbourne, welcomed AustralianSuper’s investment as a testament to global confidence in India’s growth and reform trajectory. He highlighted the significant opportunities that India’s dynamic economy offers to global investors. The investment was announced during the summit where PM Modi and Australian Prime Minister Anthony Albanese engaged with the Australia-India CEOs Forum and the Economic Roadmap Business event.
Union Petroleum and Natural Gas Minister, Hardeep Singh Puri, emphasized the importance of the India-Australia Joint Statement on Energy Security issued during PM Modi’s visit. Puri highlighted the commitment to enhancing energy security, accelerating the energy transition, and promoting cooperation on low-carbon fuels between the two countries. The joint statement aims to bolster energy self-sufficiency in India and strengthen energy supply chains through regional cooperation.
