According to a report in “The Australian," India under Prime Minister Narendra Modi was seeking greater access to Australian resources, including coal and rare earth minerals. Companies including Coal India Limited were actively engaging with the Australian miners, it said. “While India’s protectionist policies and tariffs on Australian resources and wine remain a hurdle, there is growing optimism a (bilateral trade) deal could be reached," it said. “We want to get a very constructive dialogue happening, one which puts ambition back into the free trade agreement," Tehan was quoted as saying. At the India-Australia virtual summit last year in June, Morrison had called for “commercial and trading relationships that are built on trust."

Source: Mint March 07, 2021 13:30 UTC