Australian Business Delegation to visit India
Australia’s Minister for trade, tourism and investment, Steven Ciobo, will lead a major mission to India this month, focused on deepening collaboration between the two nations in the fields of agribusiness, food, higher education, research, smart cities, infrastructure, innovation, resources, mining technology and services.
The second Australia Business Week in India (ABWI) arranged by the Australian Trade and Investment Commission will be attended by business leaders, Keith Pitt, Australia’s assistant Minister for trade, tourism and investment, Luke Hartsuyker, the assistant Minister to the deputy Prime Minister of Australia and Karen Andrews, the assistant Minister for vocational education and skills.
More than 50 business events and activities such as seminars, round tables and site visits with Indian businesses, industry and government will take place across six cities: New Delhi, Mumbai, Kolkata, Bhopal, Bengaluru and Hyderabad.
Commenting about the event, Leonie Muldoon, Senior Trade & Investment Commissioner – South Asia at the Australian Trade & Investment Commission, said "Australia Business Week in India is a significant platform which can be leveraged by Australian businesses to take a closer look at what India has to offer and to engage with potential partners and customers in specific areas of mutual business opportunity."
“The sheer size and breadth of the delegation across multiple industry sectors makes it an important step in Australia’s ongoing efforts to further enhance the trade, investment and education relationship with India,” Leonie Muldoon added.
India is Australia’s 9th largest partner with two-way trade and services of A$20.7 billion and its fifth largest export market, with total exports of A$11.1 billion. Total Indian investment in Australia is nearly A$13.5 billion (up from A$600 million in 2006), while total Australian investment in India is over A$ 10.3 billion.
Leonie Muldoon further commented, "Australia has strong capabilities which can help India better utilise its natural resources, increase food and energy security, and cater to the aspirations of its demography and increasingly affluent population. India is looking for ways to address its growth challenges, and improve its innovation output. Australia’s smart infrastructure capabilities, world-class services sector & education system and strong innovation credentials can support India’s economic growth.”
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