25.8 C
Melbourne
Friday, December 5, 2025

Trending Talks

spot_img

India proposes $ 500 Bn plan to build 1 Mn homes in Australia

India is in advanced talks with Australia on a proposal to construct one million homes worth an estimated $500 billion, a move that could become the largest housing collaboration in history, Commerce and Industry Minister Piyush Goyal said.

Speaking at the ‘Bharat Buildcon 2026’ conference in Mumbai last month, Goyal emphasised that the project addresses Australia’s acute housing shortage while opening new opportunities for India’s construction industry and workforce. “If we miss this opportunity, we will have only ourselves to blame,” he said, urging Indian companies and workers to step forward.

According to The Australia Today, the effort is being shaped as a three-way partnership, combining India’s skilled labour, Australia’s housing needs, and the United Arab Emirates’ potential role in financing. Goyal confirmed he has already reached out to the UAE to explore investment participation. (IANS)

Serendib News
Serendib News
Serendib News is a renowned multicultural web portal with a 17-year commitment to providing free, diverse, and multilingual print newspapers, featuring over 1000 published stories that cater to multicultural communities.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles