India and Australia Strengthen Economic Ties Through ECTA
The Australia-India ECTA promotes Indian investments in key sectors, enhancing supply chains for EVs and semiconductors. Opportunities arise from Australia's mineral reserves and India's critical minerals reforms, impacting energy security and carbon initiatives.
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The Australia-India Economic Cooperation and Trade Agreement (ECTA) opens avenues for Indian firms in critical sectors, including minerals and energy. Key Australian resources such as lithium and cobalt support joint ventures that bolster supply chains for electric vehicles and semiconductor manufacturing.
The agreement also promotes investments in LNG and renewable energy, contributing to energy security and carbon capture projects. India's reforms from 2023 to 2026 in the critical minerals sector enable 100% FDI in mining.
Regulatory hurdles from the Foreign Investment Review Board must be navigated for state-owned enterprises. Integrating ECTA with local strategies is crucial for maximizing investment benefits.
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