AustralianSuper Commits AU$500 Million Investment in India
Significant Investment Announcement
On Thursday, Prime Minister Narendra Modi expressed his enthusiasm regarding AustralianSuper's declaration in Melbourne to invest AU$500 million in India. In a post shared on X, PM Modi remarked, "India welcomes the AU$500 million investment from AustralianSuper, announced by their Chief Executive, Mr. Paul Schroder this morning in Melbourne. This is yet another glimpse of the global confidence in India’s growth and reform trajectory. It also reflects the immense opportunities that our dynamic economy offers global investors." During his address at the India-Australia CEO Forum in Melbourne, he emphasized that this investment signifies the strengthening economic relationship between India and Australia, indicating that long-term foreign capital views India as a stable and high-growth investment destination.
Paul Schroder, the CEO of AustralianSuper, noted, "I've had the chance to meet with Prime Minister Modi before, and he's always assured me that he understands business, he understands investing, and he thinks in the very long term about the prosperity of India and making sure that investors have a stable policy setting and a good forward outlook. So I've been very impressed with the way he engages with business. One of the great things about the CEO Forum today was talking about the great strengths of the relationship between the Australian people and the Indian people, and how important it is for us to continue to learn from each other and continue to improve. AustralianSuper today announced that we will be investing an additional 500 million Australian dollars in the NIF, which is an infrastructure fund..."
In an interview, Peter McGuire, CEO of Trading.com Australia, expressed that he was not surprised by AustralianSuper's decision to invest AU$500 million in India. He stated, "The growth front over the next decade is going to be immense for India; secondly, India has immense human capital and India has infra spend second to none. India and Australia have a deep connect in terms of culture, sports. Many Indians visit Australia and many Australians visit India. I applaud this investment and I am sure this will not be the only investment into India; there will be many more not just from Australia but investments from across the world for India."