• Saturday, May 03, 2025

Business

‘India, Australia must work towards enhancing supply chain resilience’

India commerce and industry minister Piyush Goyal (Photo by CHANDAN KHANNA/AFP via Getty Images)

By: Shubham Ghosh

INDIAN commerce and industry minister Piyush Goyal on Monday (27) said that India and Australia must work towards enhancing the resilience of supply chains and greater engagement in the Indo-Pacific region.

According to him, Australia-India Business Champions Group’s role has become important as it provides a platform for greater engagement between the two countries’ policymakers. He was speaking at the inaugural meeting of the forum in New Delhi.

“We would like to partner with Australia, one of our key trading partners for seamless integration into the Global Value Chains (GVCs),” he said.

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The minister, who co-chaired the Australia-India Business Champions Group, said the forum will play a pivotal role in supporting the agenda of the Australia-India CEO Forum by highlighting the vibrant role that the business sector of both the countries are playing.

“While working as trusted partners, India and Australia must work towards enhancing the resilience of supply chains and greater engagement in the Indo-Pacific region,” he said.

Dan Tehan, Australia’s minister of trade, tourism and investment, said the group’s key aim is to liberalise and deepen bilateral trade between the countries and pave the way for a collaborative economic growth.

Addressing the session, Confederation of Indian Industry director general Chandrajit Banerjee said important areas such as mining, education, defence, space and emerging sectors can be taken forward between India and Australia.

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