Commerce Minister Piyush Goyal today said that there is tremendous scope for Australian investment into India as India has eased its FDI norms and opened up different sectors.
Addressing the CII session on Enhancing India Australia Bilateral Economic and Trade Relationship, Mr Goyal said that India has also opened up the Agri sector for greater investments in food processing and value addition. He also launched India-Australia Economic Strategy Report.
The Minister said that India is continuously trying to make the FDI policies more facilitative, congenial and supportive of foreign investment. He said that newer areas like space, nuclear energy and defence production will open up good opportunities for the mutual engagement.