Spinner Monty Panesar, a bearded Sikh, was allegedly called "a stupid Indian" by a spectator during the tour match against New South Wales.
Panesar and South African-born batsman Kevin Pietersen were also abused in England's tour opener in Canberra.
"This is totally unacceptable and I'll talk to my colleague in Australia about the incident," Caborn was quoted as saying by Indian news agency UNI.
The Sports Minister is in the Indian capital for discussions about the 2010 Commonwealth Games to be staged in New Delhi.