Sydney: Theindoamerican: India invites Australian pension funds to increase their investments in India, especially in the emerging sectors of renewable energy, manufacturing, fintech, education and agricultural technology. Commerce and Industry Minister Piyush Goyal in his meeting with leading Australian super (superannuation) funds called for more active participation of Canadian funds in Indian ventures. Australian pension fund assets stood at $3.9 trillion at the end of March this year. Australian pension funds invest 34% of their assets in foreign stock markets. About 1.5% of its total investments in global equity markets are invested in India. “The discussions (with pension funds) focused on the strong policies and reform agenda of the Government of India, which has boosted investor confidence,” a Commerce Ministry statement said. During the first day of his visit to Australia, the Minister also met the Chief Executive Officer (CEO) of Minerals Council of Australia on ways to strengthen cooperation between India and Australia in the critical minerals sector.
India invites Australian pension funds to invest in emerging sectors
