Prime Minister Narendra Modi during the first ever virtual bilateral summit on Thursday with Australian Prime Minister said that a new model of India-Australia partnership will be followed for business courses in the future. The Prime Ministers of both the countries believed that it now is the "perfect time and perfect opportunity" to further strengthen the ties. "India-Australia relations have deepened. And this depth comes from our shared values, shared interests, shared geography and shared objectives," PM Modi said in his opening remarks. The prime minister said India was committed to expand its relations with Australia on a wider and faster pace, adding that strategic partnership was important not only for the two countries, but also for the Indo-Pacific region and the world, especially during the COVID-19 crisis.
Scott Morrison complemented PM Modi for his "constructive and very positive" role including at the G-20 role in pushing for a concerted global approach in dealing with the coronavirus crisis. The Australian Prime Minister called India a "trusted friend of Australia" and a "pioneer in technology". "The two prime ministers have met on four occasions during the last one-and-half years. The Australian Prime Minister also promised PM Modi that he will prepare Gujarati khichdi in his kitchen before their next meeting in person. Australia's investment in India is about USD 10.74 billion whereas India's total investment in Australia is USD 10.45 billion.