To implement the plan, Australia is investing over Rs 1,500 crore towards new programmes and initiatives across technology, space, critical minerals, strategic research and people-to-people links
Meanwhile, the Indian Navy’s Long Range Maritime Reconnaissance aircraft P8I reached Darwin in Australia on April 11 to participate in coordinated maritime operations
To safeguard sensitive sectors, India has several goods in the exclusion category in which no duty concessions will be accorded to Australian imports.
India-Australia trade pact to facilitate exchange of students, professionals, tourists: PM Narendra Modi
PM Narendra Modi said signing of the pact in such a short span of time reflects the depth of the mutual confidence between the countries.
Dr Jaishankar also had a meeting with Defence Minister Peter Craig Dutton and discussed matters on defence and security cooperation – which reflect the growing strategic convergence
The bilateral trade between India and Australia stood at USD 12.3 billion in 2020-21, as against USD 12.63 billion in 2019-20.
From university and academic collaborations to students and faculty collaborations, the relationship between the two countries is very strong, Barry O'Farrell AO said.
PM Scott Morrison said that both Australia and India are making great progress in many areas including space, science, digital technology.