India-Australia Hold Annual Summit On G20 Sidelines, Launch Renewable Energy Partnership

RIO DE JANEIRO: India and Australia officially launched a Renewable Energy Partnership to enhance bilateral investment in renewable energy sector, following talks between PM Modi and PM Albanese on Tuesday.

During 2nd India-Australia Annual Summit at G20 Summit in Rio de Janeiro, two leers reaffirmed ir commitment to strengning Comprehensive Strategic Partnership across various sectors, including defence, tre, education, sports, space, mobility, and people-to-people connections.

In a press release, MEA stated that Prime Ministers expressed satisfaction with growing two-way tre, business ties, and market access for goods and services under India-Australia Economic Cooperation and Tre Agreement (ECTA). 

y also welcomed ongoing efforts toward an ambitious, balanced, and mutually beneficial Comprehensive Economic Cooperation Agreement (CECA) to unlock full potential of ir economic partnership. MEA ded in press release.

In a key step to boost bilateral relations, Prime Ministers of India and Australia have welcomed continued progress under defence and security pillar of ir Comprehensive Strategic Partnership. Both leers expressed ir intention to renew and strengn Joint Declaration on Defence and Security Cooperation in 2025, aiming to reflect growing ambition of ir partnership.

Looking ahe, y emphasized a long-term vision for defence and security collaboration to enhance mutual security, strengn collective defence capabilities, and contribute to regional peace and stability. move underscores countries' commitment to deepening ir strategic convergence and reinforcing ir elevated defence ties.

In a show of continued partnership, Prime Ministers of India and Australia reaffirmed ir commitment to deepening cooperation through Qu, a strategic group of four Indo-Pacific democracies. leers stressed importance of Qu as a force for global good, emphasizing its role in delivering tangible, positive, and lasting impacts for region. ir shared vision focuses on vancing a free, open, inclusive, and resilient Indo-Pacific, MEA stated in press release.

During ir discussions, Prime Ministers lauded Qu’s ongoing efforts in several key areas, including responding to pandemics, strengning maritime security, and dressing climate change. leers highlighted Qu’s ambitious projects aimed at enhancing maritime domain awareness, building high-quality infrastructure, and fostering collaboration in emerging technologies. ditionally, group is working to tackle cybersecurity threats and invest in next generation of technology leers.

Prime Minister Modi also expressed his eagerness to host Australia at upcoming Qu Leers’ Summit in India in 2025, furr underscoring growing importance of Qu in shaping a secure and prosperous Indo-Pacific region. renewed commitment to se initiatives marks a pivotal moment in strategic alignment between India, Australia, and ir Qu partners, MEA stated in press release.