Prime Minister Narendra Modi invited Australian businesses to invest in India’s fast-growing renewable energy sector during his visit to Melbourne on Thursday. Addressing the India-Australia CEO Forum and Economic Roadmap Business Reception alongside Australian Prime Minister Anthony Albanese, Modi said both countries can unlock significant opportunities in clean energy, nuclear power and infrastructure. The announcement came during the PM Modi Australia visit.
India seeks Australia’s support for clean energy goals
Speaking to business leaders, Modi said India is building a strong manufacturing ecosystem for hydro projects, green hydrogen, solar modules and wind turbines. He reiterated India’s target of achieving 500 gigawatts of renewable energy capacity by 2030 and reaching net-zero emissions by 2070.
The Prime Minister said Australia’s technology, capital and natural resources can play a major role in accelerating India’s clean energy transition. The PM Modi Australia visit highlighted the growing strategic partnership between the two countries in the energy sector.
Nuclear energy and infrastructure remain key priorities
Modi also spoke about India’s expanding civil nuclear programme, saying the country aims to achieve 100 gigawatts of nuclear energy capacity by 2047. He noted that Australia’s vast uranium reserves align well with India’s long-term nuclear energy ambitions.
Apart from energy, the PM Modi Australia visit also focused on infrastructure development. Modi invited Australian investors to explore opportunities across ports, airports, roads, railways and urban infrastructure, calling India an attractive destination for long-term investments.
Business cooperation expected to deepen
Earlier, Indian High Commissioner to Australia Nagesh Singh said the Prime Minister’s visit is expected to strengthen business partnerships and create fresh opportunities in critical minerals, supply chains and the clean energy sector.
Later in the day, Modi met Australian Prime Minister Anthony Albanese in Melbourne as part of the second leg of his three-nation tour covering Indonesia, Australia and New Zealand. The PM Modi Australia visit is expected to further boost economic cooperation and encourage greater collaboration in renewable energy, infrastructure and strategic sectors between the two countries.
FAQs
Q: What was the main focus of the PM Modi Australia visit?
A: The visit focused on expanding cooperation in renewable energy, nuclear power, infrastructure, critical minerals and business investment.
Q: Why is the PM Modi Australia visit important for renewable energy?
A: PM Modi invited Australian companies to support India’s target of achieving 500 GW of renewable energy capacity by 2030 through technology, investment and resources.
Q: What nuclear energy target has India announced?
A: India aims to achieve 100 gigawatts of nuclear energy capacity by 2047.
Q: Which countries are included in PM Modi’s current foreign tour?
A: The Prime Minister’s three-nation tour includes Indonesia, Australia and New Zealand.
