Showcasing significant investment opportunities in manufacturing and infrastructure sector, Finance Minister Arun Jaitley has invited Australian businesses to come and invest in India as he wraps up his four-day visit to the Asia Pacific country.
During his visit,Jaitley metPrime Minister Malcolm Turnbull, Energy Minister Josh Frydenberg, Treasurer Scott Morrison, Finance Minister Mathias Cormann and several other top dignitaries and business leaders of Australia.
On his first day in Sydney,Jaitley inaugurated 'Make in India' conference where he stronglypitched for foreign investments in India, specially in the area of manufacturing and infrastructure.
In Canberra, he met Turnbull and discussed trade and bilateral issues of the two nations. He also invited Turnbull to visit India. Here, the finance minister also attended a special reception organised bythe Indian High Commission where he meta large group of Indian diasporafromacross the country.
In Melbourne, the finance minister met a high-powered delegation of Australia'sSuperannuation funds and other investors along with FICCI delegationwhere he urged them toinvest in India'sinfrastructure projects and other manufacturing sectors.
He assured them that India's economicstory was all set to stay on path of growth and that the government was stronglyfocusing on 'Ease of doing business' by rationalisingthe tax system and other processes andpolicies.
Jaitley, while attendinga special dinner last night organised by Victorian politician Tim Pallas, called the Indo-Australian relations "evolving andgrowing" strongly.
"It's not only sports where the relations are evolving but also in business, culture, politics, and strategic relationships, which all determine our future destinies," Jaitley said adding that the two sides were natural allies.
He also raised the topic ofFree Trade agreement which he said hadpassed the setdeadline oflast December while stating that"the more we cooperate, the more we coordinate, the better it is for both the countries as a win win situation."
Greater Pacific Capital CEOKetan Patel, who was accompanying the finance minister as a part of FICCI delegation said Jaitley's visit to Australia wouldgalvanisethe relationship of the two sides.
Patel said the Australian investors were mainly worriedabout the history ofIndia as a difficult destination to do business with.
