India-Australia Summit: PM Scott likely to announce Rs 1500 crore investment in India

[Vanguard One]

Australian PM Scott Morrison is expected to announce an investment of Rs 1,500 crore in India at the bilateral summit on Monday.​

Prime Minister Narendra Modi (R) will hold a virtual summit with his Australian counterpart Scott Morrison (L) on March 21.

Prime Minister Narendra Modi and his Australian counterpart Scott Morrison are set hold a virtual summit at around 12:30 pm on Monday, March 21. The two leaders are expected to commit to closer bilateral ties in trade, critical minerals, migration and mobility, and education.



Australian PM Scott Morrison is likely to announce investment of Rs 1500 crore in India in several sectors like technology, critical minerals, etc on Monday.

The India-Australia summit follows the historic first virtual summit of June 4, 2020 when the relationship between the two nations was elevated to a 'Comprehensive Strategic Partnership'.

As the summit is taking place in the midst of the crisis in Ukraine, it is expected to figure in the talks between the two world leaders. Unlike its Quad partners -- the US, Japan, and Australia -- India has not condemned the Russian invasion of Ukraine and has maintained that the crisis should be resolved through dialogue and diplomacy.

Earlier today, Australia said the Quad member countries have accepted India's position on the Russian attack on Ukraine, adding that no country would be unhappy as Prime Minister Narendra Modi has been using his contacts to call for an end to the conflict.

"The Quad countries have accepted India's position. We understand that each country has bilateral relationship and it is clear from the comments of the MEA (Ministry of External Affairs) and Prime Minister Modi himself that he has used his contacts to call for the end of the conflict and no country will be unhappy with that," Australian High Commissioner to India Barry O'Farrell was quoted as saying by PTI.

On Friday, Australian PM Morrison said that the situation in Ukraine and its implications for the Indo-Pacific will figure in his virtual summit with PM Modi.

PM Modi’s meeting with Australian PM Morrison follows close on the heels of the former’s meet with Japanese PM Fumio Kishida. PM Modi and PM Kishida held bilateral talks on Saturday, following which PM Modi announced that Japan will invest Rs 3.2 lakh crores in India over the next five years.

India-Australia Summit: PM Scott likely to announce Rs 1500 crore investment in India

Australian PM Scott Morrison is expected to announce an investment of Rs 1,500 crore in India at the bilateral summit on Monday.

www.indiatoday.in

Weren't the Chinese saying Australia is a poor country and "Australia will be begging the Chinese for aid"? And yet here we are.

 

[Skull and Bones]

$2 billion is decent amount.

 

[CAPRICORN-88]

"Earlier today, Australia said the Quad member countries have accepted India's position on the Russian attack on Ukraine, adding that no country would be unhappy as Prime Minister Narendra Modi has been using his contacts to call for an end to the conflict."



Many of us nearly died laughing.

 

[Wood]

India and Australia are hoping to sign an FTA soon

 

[jhungary]

Australian PM Scott Morrison is expected to announce an investment of Rs 1,500 crore in India at the bilateral summit on Monday.​

View attachment 825830
Prime Minister Narendra Modi (R) will hold a virtual summit with his Australian counterpart Scott Morrison (L) on March 21.

Prime Minister Narendra Modi and his Australian counterpart Scott Morrison are set hold a virtual summit at around 12:30 pm on Monday, March 21. The two leaders are expected to commit to closer bilateral ties in trade, critical minerals, migration and mobility, and education.



Australian PM Scott Morrison is likely to announce investment of Rs 1500 crore in India in several sectors like technology, critical minerals, etc on Monday.

The India-Australia summitfollows the historic first virtual summit of June 4, 2020 when the relationship between the two nations was elevated to a 'Comprehensive Strategic Partnership'.

As the summit is taking place in the midst of the crisis in Ukraine, it is expected to figure in the talks between the two world leaders. Unlike its Quad partners -- the US, Japan, and Australia -- India has not condemned the Russian invasion of Ukraine and has maintained that the crisis should be resolved through dialogue and diplomacy.

Earlier today, Australia said the Quad member countries have accepted India's position on the Russian attack on Ukraine, adding that no country would be unhappy as Prime Minister Narendra Modi has been using his contacts to call for an end to the conflict.

"The Quad countries have accepted India's position. We understand that each country has bilateral relationship and it is clear from the comments of the MEA (Ministry of External Affairs) and Prime Minister Modi himself that he has used his contacts to call for the end of the conflict and no country will be unhappy with that," Australian High Commissioner to India Barry O'Farrell was quoted as saying by PTI.

On Friday, Australian PM Morrison said that the situation in Ukraine and its implications for the Indo-Pacific will figure in his virtual summit with PM Modi.

PM Modi’s meeting with Australian PM Morrison follows close on the heels of the former’s meet with Japanese PM Fumio Kishida. PM Modi and PM Kishida held bilateral talks on Saturday, following which PM Modi announced that Japan will invest Rs 3.2 lakh crores in India over the next five years.

India-Australia Summit: PM Scott likely to announce Rs 1500 crore investment in India

Australian PM Scott Morrison is expected to announce an investment of Rs 1,500 crore in India at the bilateral summit on Monday.

www.indiatoday.in

Weren't the Chinese saying Australia is a poor country and "Australia will be begging the Chinese for aid"? And yet here we are.

We are never poor but we just live in a modest mean.

People don't understand Australia are VERY resource rich country, even more so than Russia or China or in some case even the world combine. (We top world production on Iron Ore, Aluminium, Uranium) and have respectable reserve on Tin, Nickel, Tungsten and Copper) we also have second biggest Rare Earth deposit just behind China and world number 4 in production.

I really think the Australian Government should weaponize Mineral Production in Australia.....That would make Australia a little more powerful in the world stage

 

[Wood]

We are never poor but we just live in a modest mean.

People don't understand Australia are VERY resource rich country, even more so than Russia or China or in some case even the world combine. (We top world production on Iron Ore, Aluminium, Uranium) and have respectable reserve on Tin, Nickel, Tungsten and Copper) we also have second biggest Rare Earth deposit just behind China and world number 4 in production.

I really think the Australian Government should weaponize Mineral Production in Australia.....That would make Australia a little more powerful in the world stage

Australia will only be able to weaponize it's natural resource export if it has more than 1 big customer for it. At the moment, I don't think that it is possible. India's GDP will have to reach close to $10 trillion before it can be a viable alternative to Chinese demand.

 

[jhungary]

Australia will only be able to weaponize it's natural resource export is it has more than 1 big customer for it. At the moment, I don't think that it is possible. India's GDP will have to reach close to $10 trillion before it can be a viable alternative to Chinese demand.

We actually have the potential to do that. Because we are the world leading, by a long mile, production of Iron Ore and Bauxite (Aluminium Ore) Both of which is very vital for any sort of economic development.

China try to push us out by banning the import of Australia Iron Ore, Coal and Bauxite because we supported a universal investigation of COVID origin in China. That back fired with them. Not us. We would much rather not sell anything to anyone because as I say natural resource for us is secondary market, the entire sector can be done without in our own economic framework, even we are leading producer of natural resource.

So it will work even with 1 big customer......

 

[chinasun]

Let's invest in South Asia and let the economy of South Asia take off.Asia is bound to become the center of the world economy.

 

[Rodeoface]

Australia will only be able to weaponize it's natural resource export if it has more than 1 big customer for it. At the moment, I don't think that it is possible. India's GDP will have to reach close to $10 trillion before it can be a viable alternative to Chinese demand.

So Europe USA Japan South Korea are small customers ????

That's the most ridiculous statement ever made.

In any case its not the $2 billion investment that is the news, its the signing of the FTA with Australia that will be news worthy.

An FTA with Australia will immensely release raw material constraints and ensure long term security for India's industrialization.
Australia is also very rich in energy sources

 

[Big_bud]

Only if it was reported in paisas! That would have been lovely!

 

[Wood]

So Europe USA Japan South Korea are small customers ????

That's the most ridiculous statement ever made.

I've read quite a few editorials from Australia that arrive at the resignation that the Chinese market cannot be replaced so easily. There are many YouTube videos that show how Australian exports depend on China. Europe, USA etc. cannot drop their current trade partners and absorb Australian exports at the drop off a hat.

You are most optimistic about Australia's chances than Australian politicians themselves

 

[Rodeoface]

There are many YouTube videos that show how Australian exports depend on China. Europe, USA etc. cannot drop their current trade partners and absorb Australian exports at the drop off a hat.

China already sanctions many raw materials from Australia. The Australian economy is booming. There is a Chinese lobby very active on all social media trying their best to make Australia change its anti-chinese policies with little success .
US and the whole western world IS GOING AND IS CHANGING its supply lines and anyone who has any inkling of geopolitics is well aware of it.

Russia and now China too are seen as societies determined to destroy democracies across the world and now pose a existential threat to their way of life

 

[jhungary]

I've read quite a few editorials from Australia that arrive at the resignation that the Chinese market cannot be replaced so easily. There are many YouTube videos that show how Australian exports depend on China. Europe, USA etc. cannot drop their current trade partners and absorb Australian exports at the drop off a hat.

You are most optimistic about Australia's chances than Australian politicians themselves

Don't believe everything you watch on YouTube.....

We were never depends on China on our resource export, as I said, Chinese tried to sanction our Iron Ore and Coal and it back fire back at them badly (it took down 3 major real estate developer)

Think the only market China actually can seize is the Wine Business........

 

[PradoTLC]

$2 billion is decent amount.

good for poor indians

 

[FairAndUnbiased]

Don't believe everything you watch on YouTube.....

We were never depends on China on our resource export, as I said, Chinese tried to sanction our Iron Ore and Coal and it back fire back at them badly (it took down 3 major real estate developer)

Think the only market China actually can seize is the Wine Business........

lolwut?