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Australia’s High Commissioner to India, HE Mr Peter Varghese AO recently hosted a dinner for Heads of Indian Mining and Energy organizations.

The High Commissioner acknowledged the increasing scale of Indian investments; growing partnerships between Australian-India resources sector and its role in enhancing socio-economic growth in Australia through large-scale infrastructure development (rail & port), technology sharing, employment generation and skills development.

Indian FDI into Australia valued at A$5 billion is expected to double in the next three years. Energy security and access to natural resources, especially coal are key investment drivers. Besides coal, there is strong investment interest in iron ore, copper and manganese.

The dinner was organized by The Australian Trade Commission as part of its investment promotion strategy to assist Indian investors to explore business opportunities in greenfield projects in mining, energy and infrastructure sectors in Australia. The event was supported by Australian law firm Allen & Overy.