Third India-Australia Annual Summit in Melbourne: uranium supply, A$500 million AustralianSuper investment
Key facts
- PM Modi and Australian PM Anthony Albanese held the third India-Australia Annual Summit in Melbourne.
- The visit opened the way for Australian uranium supply to India.
- AustralianSuper announced a A$500 million investment in India's National Investment and Infrastructure Fund (NIIF).
- The two sides aim to take bilateral trade to $100 billion by 2030.
Why it matters
[International Relations] Australia holds the world's largest uranium reserves. India needs uranium to reach 100 GW of nuclear power by 2047.
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