Asia & Pacific
India has long eyed Australia's uranium reserves to help meet a target of 100 gigawatts of nuclear energy capacity by 2047, while Australia is looking to diversify trade beyond its reliance on China, its top partner.
Australia’s Prime Minister Anthony Albanese (right) takes a selfie with Indian Prime Minister Narendra Modi (left) at the Australia-India Economic Roadmap Business Reception in Melbourne on July 9, 2026. (AFP/William West)
Australia and India reached a deal on Thursday to export Australian uranium to India for use in the nuclear energy industry, while agreeing to deepen cooperation in renewables, critical minerals and green hydrogen.India has long eyed Australia's uranium reserves to help meet a target of 100 gigawatts of nuclear energy capacity by 2047, while Australia is looking to diversify trade beyond its reliance on China, its top partner.
"Australia and India are close partners and even closer friends," Australian Prime Minister Anthony Albanese told reporters in Melbourne on Thursday, after finalising the deal with visiting Indian Prime Minister Narendra Modi.
