Sydney: Finance Minister Arun Jaitley is likely to visit Australia next month and invite pension funds to invest in India, which offers vast opportunities, particularly in the infrastructure sector.
Jaitley is also expected to take part in the 'Make in India' programme scheduled to take place in Australia in March-end, said an Indian official here.
"The Finance Minister is expected to visit Australia during end of next month. He will be meeting pension funds and will invite them to invest in India's promising growth story," he added.
The trip is an extension of the state visit of Prime Minister Narendra Modi to Australia in November last year.
Confirming the development, an Australian government official said: "We have been told that your Finance Minister is likely to come next month."
Relations between India and Australia have grown stronger in the last few years with both the countries signing some important deals, primarily the civilian nuclear cooperation agreement, which opens doors for the much-needed uranium supply for India's nuclear reactors.
Besides, both the countries are close to inking the free trade area (FTA) pact. The talks for a comprehensive economic cooperation agreement (CECA) also known as FTA were started in 2011, which once cleared will open doors for more trade and investment between India and Australia.
Besides, both the nation swill be part of the 16-member Regional Comprehensive Economic Partnership (RCEP), which aims at reducing or eliminating tariffs, facilitating movement of professionals and providing a level-playing field to each other's investors.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Jaitley is also expected to take part in the 'Make in India' programme scheduled to take place in Australia in March-end, said an Indian official here.
"The Finance Minister is expected to visit Australia during end of next month. He will be meeting pension funds and will invite them to invest in India's promising growth story," he added.
The trip is an extension of the state visit of Prime Minister Narendra Modi to Australia in November last year.
Confirming the development, an Australian government official said: "We have been told that your Finance Minister is likely to come next month."
Relations between India and Australia have grown stronger in the last few years with both the countries signing some important deals, primarily the civilian nuclear cooperation agreement, which opens doors for the much-needed uranium supply for India's nuclear reactors.
Besides, both the countries are close to inking the free trade area (FTA) pact. The talks for a comprehensive economic cooperation agreement (CECA) also known as FTA were started in 2011, which once cleared will open doors for more trade and investment between India and Australia.
Besides, both the nation swill be part of the 16-member Regional Comprehensive Economic Partnership (RCEP), which aims at reducing or eliminating tariffs, facilitating movement of professionals and providing a level-playing field to each other's investors.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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