India and Australia Forge Renewable Energy Partnership at G20 Summit
Key Ideas
- India and Australia agree on a Renewable Energy Partnership focusing on areas like solar energy and green hydrogen.
- Both countries aim to enhance defence and security collaboration for regional peace and stability.
- PM Modi and PM Albanese discuss plans for a Comprehensive Economic Cooperation Agreement to boost bilateral economic ties.
- The leaders emphasize the importance of dialogue and diplomacy to resolve conflicts and support peace in the Indo-Pacific region.
During the G20 Summit in Brazil, Indian PM Narendra Modi and Australian PM Anthony Albanese held discussions to strengthen their countries' ties in various sectors. They agreed on a Renewable Energy Partnership (REP) that will facilitate cooperation in priority areas such as solar energy and green hydrogen. The leaders also highlighted the significance of defence and security collaboration to bolster regional peace and security. Both PMs welcomed the idea of a Comprehensive Economic Cooperation Agreement (CECA) to further enhance their economic relationship.
PM Modi emphasized the need for dialogue and diplomacy in conflict resolution and reiterated their commitment to supporting peace in the Indo-Pacific region. The joint statement highlighted the potential collaboration between 'Make in India' and 'Future Made in Australia' initiatives to create jobs, boost economic growth, and ensure future prosperity. The leaders also focused on increasing two-way investments reflective of the Comprehensive Strategic Partnership between the two countries.
PM Modi invited PM Albanese to the Quad summit in India next year, showcasing their aim to elevate their partnership to new heights. Both leaders expressed their intent to strengthen the Joint Declaration on Defence and Security Cooperation by 2025. The collaborative potential between India and Australia is seen as a force for global good and prosperity, with a shared commitment to an open, inclusive, stable, peaceful, and prosperous Indo-Pacific.