Prime Minister Narendra Modi on Thursday welcomed AustralianSuper’s announcement of an AU$500 million investment in India, describing it as a strong endorsement of the country’s economic growth and reform trajectory as well as the opportunities offered by its rapidly expanding economy.
In a post on social media platform X, the Prime Minister hailed the investment commitment made by AustralianSuper Chief Executive Paul Schroder during business engagements in Melbourne.
“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,” Modi wrote on X.
The announcement came during Prime Minister Modi’s official visit to Australia, where he and Australian Prime Minister Anthony Albanese jointly addressed the Australia-India CEOs Forum and the Economic Roadmap Business event in Melbourne. The event brought together leading business executives, institutional investors and representatives of major Australian superannuation funds to explore new avenues for bilateral economic cooperation.
AustralianSuper, Australia’s largest pension fund and one of the world’s biggest institutional investors, announced the AU$500 million investment as part of its expanding engagement with India’s fast-growing economy. The investment is expected to further strengthen financial and investment ties between the two countries while supporting India’s long-term infrastructure, manufacturing, renewable energy and digital economy ambitions.
The announcement also underscores the growing role of Australian institutional investors in India’s development story. The Indian government has consistently highlighted the country’s policy reforms, robust macroeconomic fundamentals, expanding consumer market and sustained infrastructure push as key factors attracting long-term global capital.
The investment comes amid efforts by New Delhi and Canberra to deepen their Comprehensive Strategic Partnership and expand cooperation across trade, investment, critical minerals, clean energy, technology and education. Both countries have also been working to enhance economic engagement through the implementation of the India-Australia Economic Cooperation and Trade Agreement.
Prime Minister Modi is in Melbourne for the second leg of his three-nation Indo-Pacific tour after concluding his visit to Indonesia. His Australia visit includes the third India-Australia Annual Leaders’ Summit, where the two sides are expected to chart a roadmap for strengthening cooperation across strategic, economic and people-to-people sectors before the Prime Minister travels to New Zealand for the final leg of his tour.
