Federal Government has launched a new Centre for Australia-India Relations headquarters in Parramatta, along with several initiatives aimed at strengthening Australia’s ties with India.
The new headquarters will serve as a central hub for collaboration among government, business, academia, the cultural sector, and Indian-Australian communities. Supported by both the Australian and New South Wales Governments, the Centre aims to drive new partnership opportunities between the two nations.
Launch of Maitri Scholars and Fellowships
In a significant move, the recipients of the Centre’s inaugural Maitri Scholars and Fellowships programs were announced. Five Maitri Scholars from India will undertake PhDs on STEM research topics, including advanced manufacturing and clean energy solutions.
Additionally, seven Maitri Fellows will explore research projects on geostrategic and economic futures, focusing on maritime security, climate change response, secure supply chains, and regional cooperation.
Minister for Foreign Affairs, Penny Wong stated, “Working more closely with our Indian-Australian communities – our fastest growing diaspora – means we can better respond to a diverse and evolving India.”
“The Maitri Scholars and Fellows will also contribute to a broader and deeper understanding of the Australia-India relationship, our shared interests, and our shared challenges while fostering life-long connections.”
Economic Roadmap and Trade Initiatives
Recognising India’s trajectory to becoming the world’s third-largest economy by the end of the decade, the Australian Government is set to commence consultations on a future Australia-India economic roadmap. This initiative aims to build on the 2018 India Economic Strategy by Peter Varghese, focusing on key sectors to enhance bilateral economic ties. Additionally, Australia continues to negotiate a new free trade agreement with India, targeting greater market access in agriculture and manufacturing.
Don Farrell, Minister for Trade and Tourism said, “Trade with India is shaping up to be a big win for Australia. Since our government implemented a new trade deal with India, Australian businesses have seen a massive boost in exports.”
“A new India economic roadmap will help us focus and accelerate our efforts to harness India’s growth and tap into the enormous trade and investment opportunities that will help us secure a future made in Australia.”
Expanded Australia India Business Exchange
Further bolstering the bilateral relationship, the Australian Government has allocated an additional $14.3 million in the recent budget to expand the Australia-India Business Exchange. Austrade will lead new business missions to India across sectors such as agri-food, education, technology, and energy resources, including critical minerals. The expanded program will also pilot business missions to Bangladesh and Sri Lanka to enhance trade across South Asia.
CEO and Director Network
To leverage the expertise of the Indian-Australian community, the Centre has announced the formation of the CEO and Director Network. This group of Indian-Australian corporate leaders will work to enhance understanding of India within the Australian business community.
Tim Thomas, CEO of the Centre for Australia-India Relations said, “The Centre for Australia-India Relations is excited to establish its headquarters in Parramatta, a thriving innovation ecosystem and an important focal point for the vibrant Indian-Australian community.”
“The Centre has built strong momentum through our Maitri grants and stakeholder impact programs. The Centre will continue to galvanise Australian stakeholders to move on the tremendous opportunities that India’s growth presents.”
Public Participation and Future Steps
The Centre encourages public submissions for the new Australia-India economic roadmap, open until July 15, 2024. These submissions will help shape a comprehensive strategy to enhance bilateral economic and cultural ties.
As the relationship between Australia and India deepens, these initiatives and the establishment of the new Centre for Australia-India Relations signify a strong commitment to fostering mutual growth and understanding. This collaborative effort promises to unlock new opportunities and strengthen the bonds between the two nations, ensuring a prosperous future.
For more information on the inaugural Maitri Scholars and Fellows, visit the Centre for Australia-India Relations website.
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