India sees over 226 pc surge in startup funding at $596 mn this week
The Indian startup ecosystem bounced back this week in terms of raising funds, clocking more than 226 per cent surge with securing around $596 million in total.
India and Australia today decided to convene at the earliest their ‘2+2’ dialogue involving their foreign and defence ministers as the two countries reviewed their security ties amid Covid-19.
The Ministry of Defence (MoD) said Defence Minister Rajnath Singh reviewed India-Australia ties during a telephonic conversation with his Australian counterpart Peter Dutton.
“Both ministers acknowledged the momentum that defence cooperation between India and Australia has achieved following the upgradation of the partnership to a Comprehensive Strategic Partnership in June 2020,” it said.
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“The participation of Australia in Exercise Malabar has been an important milestone in this enhanced partnership,” the statement said referring to Australia joining the navies of India, the US and Japan in exercises for the first time last year.
India, Australia, the US and Japan are members of the ‘Quad’ grouping, which has lately become very active against the backdrop of China’s aggressive behaviour.
During a virtual summit between the prime ministers of India and Australia last year, bilateral ties were elevated to a “Comprehensive Strategic Partnership” and the two countries signed a logistics support agreement.
The ‘2+2’ dialogue is a unique framework that New Delhi has instituted for talks with select partners—the US, Japan and Australia.
“Both ministers expressed satisfaction at the growing defence ties between the two countries. Both sides reviewed the progress on various bilateral defence cooperation initiatives and expressed commitment to further elevate engagements between the armed forces. During the dialogue, both ministers expressed their intent to convene the 2+2 ministerial dialogue at the earliest,” the MoD added.
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