High Commissioner Philip Green has highlighted India as a key investment destination for Australian companies, citing significant growth opportunities in India's green energy sector and the increasing interest from Australian investors
The High Commissioner of Australia to India, Philip Green, has identified India as a promising investment destination for Australian companies. He emphasised the significant potential for growth in India's green energy sector, pointing to the current participation of Australian firms in India's hydrogen and solar panel industries.
Green underscored the increasing interest in India as an investment hub among Australian investors due to India's ongoing expansion and development. He emphasised that Australia's top economic priority is to engage with India in the green energy supply chain.
During the ‘India Energy Storage Week (IESW) 2024 conference, Green noted the significant participation of Australian companies, with 41 of them representing a variety of sectors. He said that an increasing number of companies in Australia are investing in solar and wind energy, contributing to the entire green energy supply chain.
In May, Green described India as an 'indispensable partner' and a 'top-tier security partner', underlining India’s strategic importance in Australia’s supply chain resilience strategy.
Highlighting India's capacity for producing electric vehicles (EVs) and solar panels at scale, he emphasised India's role in Australia's diversification agenda and supply chain resilience.