More investments are expected to come from India once Australia decides to officially include the country as one of its uranium buyers, according to political and business leaders from New Delhi.

It is likely, A.K. Sarangi of the Uranium Corporation of India said, that a serious review of Australian uranium assets will be conducted by the Indian government, which inevitably could lead to acquisition of properties in the uranium-rich country.

Sarangi said that India is on its way to accelerated industrialisation and its energy requirements point to the purchase of more uranium deposits for use on the country's nuclear power plants.

Australia, the Indian official added, is a logical as its vast uranium reserves are regarded as the largest in the world.

One hindrance though is Canberra's current uranium sale ban on countries' that are not part of the Nuclear Non-Proliferation Treaty, a policy that Gillard said last week is now outdated and needs immediate revisions.

The Prime Minister argued that repealing the ban will create more economic opportunities for Australia and will lead to improved economic and political relations with India, suggestions that India confirmed via its mining agency.

"Once Australia comes into the fold all properties will be reviewed ... and Australian deposits will be a target along with assets in other countries," Sarangi was quoted by The Australian as saying on Wednesday.

"If we decide we need to attain properties abroad and the Australian government agrees then Australian assets are also considerations," the Indian official added.

The assertion was followed through by India's business community leaders and according to R.K. Sharma, head of the Federation of Indian Mineral Industries, securing investment spots in Australia should prove worthy endeavours for many Indian companies, which he noted already poured billions of mining investments over the past few years.

"I think it would be very desirable to invest in Australian uranium assets because Australia is a very investor-friendly country," Sharma told The Australian.

To serve as the backbone of its expected rise in the global economic grid in the decades ahead, India has announced its intention to further source its power needs from nuclear power plants, raising its reliance to nuclear energy by 40 percent over the next 40 years.

Ms Gillard stressed that, as a major producer of uranium, Australia would be ill-advised to ignore such opportunity and called on her Labor colleagues to consider lifting the ban of uranium sale to India.