India, Australia should work in the direction of enhancing provide chain resilience: Piyush Goyal

India and Australia should work in the direction of enhancing the resilience of provide chains and larger engagement within the Indo-Pacific area, Commerce and Business Minister Piyush Goyal mentioned on Monday. He mentioned that Australia-India Business Champions Group‘s position has grow to be essential because it offers a platform for larger engagement between the policymakers of the 2 international locations.

“We want to companion with Australia, one in every of our key buying and selling companions for seamless integration into the World Worth Chains (GVCs),” he mentioned.

The minister, who co-chaired the Australia-India Enterprise Champions Group, mentioned that this discussion board will play a pivotal position in supporting the agenda of the Australia-India CEO Forum by highlighting the colourful position being performed by the enterprise sector of each the international locations.

“Whereas working as trusted companions, India and Australia should work in the direction of enhancing the resilience of provide chains and larger engagement within the Indo-Pacific area,” he added.

Australia’s Minister of Commerce, Tourism and Funding Dan Tehan MP mentioned that the Group’s key intention is to liberalise and deepen bilateral commerce between the nations and pave the best way for collaborative financial development.

Addressing the session, CII Director Common Chandrajit Banerjee mentioned that essential areas comparable to mining, schooling, defence, house and rising sectors will be taken ahead between the 2 nations.