The Australia-India Education Qualification Recognition Mechanism has been finalised, the Australian Prime Minister Anthony Albanese declared on Wednesday night. Plans regarding Australia's Deakin University establishing a global branch campus at GIFT City in Gujarat's Gandhinagar were made public.
Albanese said that there has been considerable development in the India-Australia bilateral education partnership.
"The new mechanism means that if you are an Indian student who is studying or has studied in Australia, your hard-earned degree will be recognised when you return home," the PM said.
"Or if you are a member of Australia's very large Indian diaspora -- 500,000 and growing
-- you will feel more confident that your Indian qualification will be recognised in Australia," he added.
The agreement "paves the way for commercial opportunities for Australian education providers to offer innovative and more accessible education to Indian students." The Australian PM described it as the "most comprehensive and ambitious agreement" reached by India and any other nation.
Albanese added that it gives academic institutions a strong foundation on which to pursue novel collaborations.
According to him, the scholarships are a component of the larger Maitri initiative, which aims to strengthen community, educational, and cultural relations between Australia and India.