Australian fund announces ₹3,300 cr investment into India, PM Modi welcomes it

Australian pension fund AustralianSuper announced an AU$500 million (around ₹3,313 crore) investment into India's National Investment and Infrastructure Fund (NIIF) during PM Narendra Modi's visit to Australia. PM Modi welcomed the investment, calling it "another glimpse of the global confidence in India’s growth and reform trajectory." AustralianSuper CEO Paul Schroder announced the investment.