India is negotiating with the Albanese Labor government to construct one million homes in Australia, utilizing Indian immigrant workers. The project, estimated to cost US$500 million, could receive funding from the United Arab Emirates, according to India"s Commerce and Industry Minister Piyush Goyal.
The discussions come amid Australia"s ongoing housing crisis, which has seen a significant increase in demand for affordable housing. Goyal stated that the collaboration aims to address this urgent issue while also providing employment opportunities for Indian workers in Australia.
This initiative is expected to enhance bilateral relations between India and Australia, particularly in the context of recent developments in international labor markets. The partnership reflects a growing trend of countries seeking to leverage foreign labor for domestic infrastructure projects, similar to earlier coverage of other nations" efforts in similar situations.
As talks progress, stakeholders are keen to see how this project will develop and what implications it may have for both nations" economies. The construction of one million homes could significantly alleviate housing shortages in Australia, while also strengthening ties with India and the UAE.
