Canberra: Australia is enhancing its engagement across the North East Indian Ocean by investing in maritime and disaster preparedness, and supporting opportunities for trade, investment and connectivity.
Australia will provide $36.5 million over five years, including $11.4 million to improve regional cooperation on maritime shipping, disaster resilience and information sharing.
Australia will invest $10.2 million to increase engagement on regional economic challenges and explore new opportunities in the digital sector in Bangladesh.
In addition, $5.8 million will promote infrastructure investment opportunities in the region to Australian business.
"The Morrison Government will invest $4.8 million to improve Australian resources and Mining Equipment, Technology and Services (METS) understanding of South Asian markets," Australian Minister for Foreign Affairs Marise payne in a press release on Friday.
A further $4.3 million will support relationships across the LNG supply chain between Australia, India and Bangladesh.
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