These businesses may also be eligible for non-equity grants of up to A$85,000 (Rs 45 lakh), providing significant financial support to help them scale their innovations.
The festival also honoured the legendary AR Rahman with the Excellence in Cinema award, while Ram Charan was recognised as the Ambassador for Indian Art and Culture.
Modi highlighted that the proposed Compact would be informed by India's own development journey and designed to support balanced, sustainable growth in partner countries.
The two sides also jointly denounced the use of terrorist proxies for cross-border terrorism, highlighting the need for a united global front against such practices.
“Recovery action also undermines the incentive for engaging in serious crimes for profit, and it restores public money so that much-needed services can continue to be provided to the community.”
The live procedure illustrated how tele-enabled robotic systems could, in future, support access to specialist surgical care in locations where distance and workforce shortages limit availability.