"Democratic values connect us. Want to hear from you all," Modi said. The Prime Minister also met Victoria Governor Alex Chernov, before his appointment with the business leaders.
Modi arrived in Melbourne Tuesday on the last day of his five day-Australian tour, where he is scheduled to attend a reception at the iconic Melbourne Cricket Ground (MCG), followed by a dinner hosted by Australian Prime Minister Tony Abbott.
Modi had earlier attended the G20 Summit in Brisbane Nov 15-16, addressed a massive gathering of the Indian diaspora at Sydney Monday and addressed the Australian parliament at Canberra Tuesday, before coming to Melbourne.
He flies to Fiji Tuesday night on the last leg of his 10-day three-nation tour.