ENA Economy 2024-09-24 17:26:36 <p><span style="font-size:14px"><strong>New Delhi, Sep 24 (KNN)</strong> Indias Commerce and Industry Minister, Piyush Goyal, has called on Australian pension funds to explore investment opportunities in sectors like renewable energy, manufacturing, education, fintech, and agritech.</span></p> <p><span style="font-size:14px">The appeal comes during Goyals official visit to Australia as part of the Joint Ministerial Commission, where he is working to strengthen bilateral ties across a range of industries.</span></p> <p><span style="font-size:14px">In a statement from the Commerce Ministry, Goyal highlighted the Indian government's robust policies and reform agenda, which have bolstered investor confidence and driven significant growth in emerging sectors.</span></p> <p><span style="font-size:14px">He met with senior representatives of Australia's leading pension funds, urging them to capitalise on the growing opportunities in Indias fast-evolving market.</span></p> <p><span style="font-size:14px">Goyal also held discussions with Tania Constable, CEO of the Minerals Council of Australia, to deepen cooperation in the critical minerals sector.</span></p> <p><span style="font-size:14px">Critical minerals like cobalt, lithium, and rare earths are essential components for clean energy technologies, including electric vehicles and wind turbines.</span></p> <p><span style="font-size:14px">As global demand for these minerals rises, Goyal emphasised India's strategic interest in securing sustainable supply chains, which could be strengthened through collaboration with Australian companies.</span></p> <p><span style="font-size:14px">Additionally, the Commerce Minister met with Joel Katz, Managing Director of the Cruise Lines International Association, to explore opportunities for enhancing coastal tourism in India.</span></p> <p><span style="font-size:14px">Given Indias vast coastline and growing interest in tourism, the discussions focused on tapping into the cruise industrys potential to further boost the countrys tourism sector.</span></p> <p><span style="font-size:14px">In another high-level meeting, Goyal interacted with Robin Khuda, Founder and CEO of AirTrunk, a leader in data infrastructure.</span></p> <p><span style="font-size:14px">The discussions centered on Indias rapid digitalisation and how the two countries could collaborate to develop robust data centers and digital infrastructure to meet future demands.</span></p> <p><span style="font-size:14px">Australia is currently the 25th largest investor in India, with foreign direct investments (FDI) totaling USD 1.5 billion from April 2000 to June 2024.</span></p> <p><span style="font-size:14px">Goyals visit aims to deepen these economic ties, especially in sectors critical to India's growth trajectory and sustainability goals.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39396 https://knnindia.co.in/news/newsdetails/economy/india-seeks-australian-pension-fund-investments-in-fintech-renewable-energy-agritech-manufacturing 2024-09-24 17:26:36 knnindia.co.in