India, Oz to Work Closely on Security

  • Modi Asks Biz Honchos To Invest In India
  • India and Australia agreed on a landmark framework for security cooperation across the spectrum in defence, cyber and maritime security and combating terrorism
  • At the summit talks between Prime Minister Narendra Modi and his counterpart Tony Abbott, the two countries decided to conclude a long-pending free-trade pact by the end of next year and an “early closure“ of the civilian nuclear deal that will facilitate uranium imports by India.
  • Modi made a reference to the need for expanding security cooperation and deepening international partnerships in the region
  • Modi said India is open for business and keen to forge stronger business ties with resource-rich Australia.
  • He invited business leaders to cooperate in developing green technology , LNG, gas and tourism sectors.
  • Modi, who held a roundtable with top Australian CEOs, discussed prospects for bilateral cooperation specially in the field of education, services, energy , banking and IT and tourism.