Rivals in cricket but allies in defence, Australia and India have committed to several new agreements during Indian Prime Minister Narendra Modi's third visit to Australia, spanning education, defence, investment and uranium. What could these deals mean for the broader Australian economy, businesses and investors? SBS Punjabi explores the potential impact with insights from Dr Parwinder Kaur MLC (WA) and Gurmesh Singh MLA (NSW).
India has also committed to returning the remains of a First Nations ancestor to Australia. The remains are currently held at the Government Museum in Chennai and will be returned to their Traditional Custodians.
Prime Minister Anthony Albanese has also announced the voluntary return of several culturally significant items to India from the collections of the National Gallery of Australia and the Art Gallery of New South Wales.
From Australian universities opening campuses in India and deeper defence cooperation to AustralianSuper's investment in India and the much-discussed uranium deal, the two countries have unveiled a range of initiatives aimed at strengthening economic and strategic ties.
As Modi noted in his speech, the two nations are "building runways of opportunities for innovation and investment to take flight."
Australia and India currently share a bilateral trade relationship worth more than $50 billion.
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