Prime Minister Narendra Modi has officially called upon Australian businesses and investors to engage more actively in India’s clean energy transformation and infrastructure projects. During the India–Australia CEO Forum and Economic Roadmap Business Reception held in Melbourne on 10 July, Modi emphasised the numerous opportunities available in various sectors including renewable energy, nuclear power, critical minerals, and manufacturing.

In his address, Modi underscored Australia’s potential to significantly contribute to India’s progressive objective of attaining 500 gigawatts (GW) of renewable energy capacity by the year 2030, along with a commitment to reach net-zero emissions by 2070. He expressed confidence that a partnership with Australia could accelerate India’s clean energy transition effectively.

Focus on Clean Energy and Nuclear Power

The Prime Minister elaborated on India’s robust plans to enhance its manufacturing capacity, particularly for hydropower equipment, green hydrogen, solar modules, and wind turbines. He stated that the technological expertise, capital investments, and natural resources from Australia could be instrumental in facilitating this transition towards sustainable energy.

Modi also highlighted India’s long-term aims in nuclear energy, which include an ambitious target of achieving 100 GW of nuclear power by 2047. He noted that given Australia’s substantial uranium reserves, there exists a strong potential for the two countries to collaborate in the civil nuclear energy sector, thereby enhancing energy security for both nations.

In addition to energy initiatives, the Prime Minister urged Australian institutional investors to explore the burgeoning infrastructure sector in India. He pointed to various investment avenues encompassing ports, airports, highways, railways, logistics, and urban infrastructure development.

Strengthening Ties in Critical Minerals and Supply Chains

Nagesh Singh, the Indian High Commissioner to Australia, indicated that discussions across both government and industry levels are already being initiated in order to forge long-term partnerships regarding critical minerals. He mentioned that future collaborations are anticipated to go beyond a conventional buyer-seller dynamic, moving towards opportunities in value addition, processing, and joint manufacturing efforts.

The renewed emphasis on renewable energy sources, critical minerals, and advanced technologies illustrates the strengthening strategic partnership between India and Australia. Both nations are clearly aligned in their efforts to pave the way for a secure, sustainable, and low-carbon future, thereby reaffirming their commitment to cooperative advancements in these crucial areas.

Long or Short, get news the way you like. No ads. No redirections. Download Newspin and Stay Alert, The CSR Journal Mobile app, for fast, crisp, clean updates!

App Store –  https://apps.apple.com/in/app/newspin/id6746449540 

Google Play Store – https://play.google.com/store/apps/details?id=com.inventifweb.newspin&pcampaignid=web_share