Stories
Goyal Urges Deeper India-Australia Ties in Critical Minerals, Renewable Energy
C
CNBC TV18•25-09-2026, 16:58
Goyal Urges Deeper India-Australia Ties in Critical Minerals, Renewable Energy
- •Piyush Goyal advocates for stronger collaboration between Australia's critical mineral reserves and India's manufacturing capabilities to boost high-tech manufacturing and renewable energy.
- •Plans are underway to upgrade the India-Australia Economic Cooperation and Trade Agreement (ECTA) to a Comprehensive Economic Cooperation Agreement (CECA) and include a Bilateral Investment Treaty (BIT).
- •Opportunities for dual degrees, student exchanges, and collaboration in tech-enabled professional services with deeper Mutual Recognition Agreements (MRAs) were highlighted.
- •India is setting up 100 new industrial parks, 20 industrial smart cities, and 7 textile parks, offering a new model of strategic autonomy.
- •Goyal emphasized the need for accountants to use AI responsibly, test controls, and flag anomalies, while also stressing skill development in cybersecurity and responsible AI.
Key Questions Answered
Commerce and Industry Minister Piyush Goyal announced plans to upgrade the India-Australia Economic Cooperation and Trade Agreement (ECTA) to a Comprehensive Economic Cooperation Agreement (CECA) alongside a Bilateral Investment Treaty (BIT).
Efforts are progressing to bring New York University (NYU) to Mumbai, with Commerce and Industry Minister Piyush Goyal scheduled to meet its global campus dean in the US on October 4, 2026.
Commerce and Industry Minister Piyush Goyal highlighted that India's semiconductor consumption demand is projected to exceed $150 billion annually over the next five years, emphasizing the need to develop AI ecosystem capabilities.
