February 9, 2025

Current Context : The 2nd India-Australia Annual Summit was held on the sidelines of the G20 Summit in Rio de Janeiro.

  • Meeting was held between Prime Minister Narendra Modi of India and Prime Minister Anthony Albanese of Australia.

Major Initiatives and Agreements :

  1. Extension of the Australia-India Business Exchange (AIBX):
  • Program extended for 4 more years (from July 2024).
  • Aims to provide businesses with market insights and foster partnerships.
  • Originally launched in 2021.​
  1. Launch of the India-Australia Renewable Energy Partnership (REP):
  • Focuses on practical cooperation in renewable energy sectors such as solar PV, green hydrogen, energy storage, and workforce skills training.
  • Supports two-way investments and skills upgrades for the clean energy sector.
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