Australia’s largest pension fund, AustralianSuper, said it would invest a further A$500 million ($347 million) in National Investment and ‌Infrastructure Fund (NIIF).

⁠The NIIF was created in 2015 to ‌attract global investment into the country’s infrastructure development.

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“Australia and India are close partners and even ‌closer friends,” Australian Prime Minister Anthony Albanese said in Melbourne, after ‌finalising ⁠the deal with visiting Indian Prime Minister Narendra Modi.

“The arrangement facilitates Australian ⁠uranium exports to India to help increase the share of non-fossil fuel power capacity, providing an additional market for the Australian resources sector,” he added.

- Reuters

Prime Minister Narendra Modi on July 9, 2026, met with the Governor-General of Australia, Sam Mostyn, in Melbourne. As a part of the Indian delegation, Foreign Secretary Vikram Misri, National Security Advisor Ajit Doval and other officials were present.

Earlier in the day, Prime Minister Narendra Modi announced that India and Australia have sealed a landmark agreement in the field of atomic cooperation, adding a strategic nuclear dimension to their rapidly accelerating partnership.

PM Modi had arrived in Melbourne on July 8, 2026, for this crucial second leg of his three-nation visit, receiving a grand ceremonial reception at the airport after finishing a highly productive visit to Indonesia. 

— ANI

PM Modi held wide-ranging discussions with Prime Minister Anthony Albanese in Melbourne on July 9 afternoon. “The India-Australia Comprehensive Strategic Partnership of 2022 has continuously expanded the scope of our cooperation,” PM Modi said in a tweet, adding “We have now decided to accelerate work on the Comprehensive Economic Cooperation, with unprecedented progress over the past few years.”

Prime Minister Narendra Modi compared India-Australia meetings to different formats of cricket highlighting the dynamic and multifaceted nature of the bilateral relationship between the two nations.

PM Modi announced a key nuclear energy agreement to enable uranium supply from Australia to India after discussions with Australian Prime Minister Albanese.

“India and Australia firmed up an important agreement on nuclear energy. The agreement on nuclear energy will facilitate the supply of uranium from Australia to India,” said PM Modi.

He also added that both the countries will work together on a critical minerals corridor.

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Prime Minister Narendra Modi while addressing a joint press meeting with Australia’s PM Anthony Albanese said that both the countries have “released a joint declaration to expand defence and security cooperation.” 

He said, “We will work towards collaboration between Indian, Australian defence industries through India-Australia defence innovation corridor.” 

“Our fight against terrorism is shared, our resolve is unwavering, and our cooperation is continuously strengthening,” Mr. Modi adds. 

Reacting to the announcements, PM Albanese said, “We share a focus on diversifying India-Australia ties to continue growing from strength to strength.”

India and Australia are expected to announce a series of initiatives aimed at deepening cooperation in defence, energy security and critical minerals, according to sources.

On defence, the two countries are likely to unveil a defence innovation corridor to promote collaboration between startups and manufacturers, while a joint defence declaration is expected to strengthen industrial cooperation and interoperability between their armed forces. 

According to sources, both sides are expected to reinforce their partnership through cooperation on uranium supplies for India’s civil nuclear programme, along with increased imports of LNG, coal and diesel from Australia to diversify India’s energy basket.

Prime Minister Narendra Modi held delegation-level talks with Australian Prime Minister Anthony Albanese, while participating in the third Australia-India Annual Leaders’ Summit, in Government House, Melbourne.

During the meeting, the Prime Minister was also accompanied by National Security Adviser (NSA) Ajit Doval, Foreign Secretary Vikram Misri and MEA spokesperson Randhir Jaiswal.

Earlier, Prime Minister Narendra Modi held a bilateral meeting with the Governor of Victoria, Margaret Gardner AC, at the Government House in Melbourne, the official residence of the Governor. 

-ANI

Prime Minister Narendra Modi met former Australian Prime Minister Scott Morrison during his visit to Australia, saying the two had a “great conversation” on the India-Australia friendship.

Prime Minister Modi was accorded a ceremonial welcome and a Guard of Honour in the Australian capital as part of his visit to the country.

Australian Prime Minister Anthony Albanese was also present and received the Prime Minister at the ceremonial venue, where the two leaders greeted each other before the ceremony.

Earlier, PM Modi addressed the business leaders at the India-Australia CEO Forum and Economic Roadmap Business Reception in Melbourne, attended by Australian Prime Minister Anthony Albanese.

Highlighting India’s clean energy ambitions, PM Modi said, “Many companies associated with clean energy are present here. We are building a manufacturing ecosystem in India for hydro projects, green hydrogen, solar modules, and wind turbines. India has set a target of achieving 500 gigawatts of renewable energy capacity by 2030 and reaching net-zero emissions by 2070. Australia’s technology, capital, and resources can accelerate this transition.”

-ANI

Prime Minister Narendra Modi on Thursday (July 9, 2026) joined his Australian counterpart, Anthony Albanese, at the India-Australia CEO Forum and Economic Roadmap Business Reception, as part of efforts to bolster bilateral trade and strategic relations during the second leg of his three-nation visit. 

Addressing the gathering, PM Modi said, “The presence of all of you is a symbol of our shared confidence and shared aspirations. Today, the world is going through a period of uncertainty, supply chain disruptions, and an energy crisis. At such a time, it is both natural and necessary for India and Australia to move forward as natural and trusted partners. Over the past few years, we have built a strong framework for future cooperation by combining the capabilities of both countries.” 

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