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India has a lot to offer, Oz PM tells business leaders
Australian Prime Minister Tony Abbot arrived in India on Thursday on a two-day visit during which he is expected to sign a long-awaited deal to sell uranium to the energy-starved nation.
Mumbai: Australian Prime Minister Tony Abbot arrived in India on Thursday on a two-day visit during which he is expected to sign a long-awaited deal to sell uranium to the energy-starved nation.
"The purpose of this trip, as far as I'm concerned, is to acknowledge the importance of India in the wider world, acknowledge the importance of India to Australia's future," he told business leaders in Mumbai. "There is an abundance of opportunities here in India. I am determined to make the most of them." The Australian PM is expected to meet Narendra Modi and senior ministers during his visit which also aims at boosting trade.
Abbott is expected to sign an agreement in Delhi on Friday when he meets Modi, who swept to power in May promising to open up Asia's ailing third-largest economy to foreign investment. India and Australia kick-started negotiations on uranium sales in 2012 after Canberra lifted a long-standing ban on exporting the valuable ore to Delhi.
