English Translation of Prime Minister’s Address at the Economic Roadmap Business Reception

Prime Minister Narendra Modi, addressing the Economic Roadmap Business Reception, highlighted the deepening India‑Australia partnership. He noted that the Economic Cooperation and Trade Agreement (ECTA) signed in 2022 has doubled India’s exports to Australia. The PM reiterated India’s renewable‑energy target of 500 GW by 2030, the nuclear‑energy target of 100 GW by 2047, and cited the SHANTI Act that opened nuclear power to private firms. He emphasized rapid infrastructure development – about 34 km of national highways and 8 km of railway tracks are being laid daily – and outlined opportunities for Australian investors in ports, airports, roads, railways and urban projects. Under the AI, Quantum and Semiconductor missions, the government has pledged over $10 billion, inviting collaboration in data‑centres, AI, quantum technologies and semiconductor manufacturing.