Prime Minister Narendra Modi on Thursday welcomed AustralianSuper’s announcement in Melbourne that the fund will invest AU$500 million in India. PM Modi stated
the commitment reflects the immense opportunities India’s dynamic economy offers to international investors, in a post on X, PM Modi said, "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." Addressing the India-Australia CEO Forum in Melbourne, PM Modi said this milestone highlighted the deepening economic ties with Australia and a timely signal that long‑term foreign capital sees India as a stable, high‑growth destination for large-scale investments. AustralianSuper CEO Paul Schroder said, "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..." Speaking to Timesnownews.com, CEO-Australia, Trading.com, Peter McGuire said, "it doesn't surprise me that AustralianSuper has decided to invest AU$500 million in India, 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. "
