Canberra, Australia, February 26, 2025—Australia is investing USD 16 million in the Australia-India Trade and Investment Accelerator Fund (TIAF) to strengthen economic ties with India. The initiative focuses on key sectors like clean energy, education, agribusiness, and tourism, helping Australian businesses tap into India’s expanding market.
Prime Minister Anthony Albanese emphasized India’s role in Australia’s trade diversification strategy. An additional USD 4 million will support the Maitri Grants program to enhance cultural and business ties. The free trade agreement has already benefited Australian businesses and is expected to save exporters USD 2 billion in tariff costs by year-end.
