Melbourne: In a bid to strengthen
business links and cultural assimilation with India, Australia
government will set up a dedicated institute to conduct joint
research in innovative areas.
Australian Deputy Prime Minister Julia Gillard is
expected to make an announcement in this regard during her
visit to New Delhi next week.
The proposed India-Australia Institute to be built at
a cost of eight million Australian dollars will be a part of
University of Melbourne where La Trobe University and
University of New South Wales will also be partners.
"The institute will work on areas of business links
and cultural assimilation," a government official said adding
that it will concentrate on areas like trade and industry.
The two countries have also started a feasibility
study on the subject which is expected to be completed soon.
This step assumes significance as both the countries
are also expected to sign a free trade agreement soon.
Bureau Report
