Australia Business Week Begins in India

Australia Business Week in India
Australia Business Week in India

A group of business leaders from Australia are participating in a week-long series of events designed to enhance trade, education, investment and tourism ties with India.

Australia Business Week in India (ABWI) begins Monday, January 12, and around 450 business leaders will visit India’s major cities to meet their Indian counterparts through a series of industry programs, seminars, and meetings.

Bruce Gosper, CEO of Austrade, said, “This trade mission is an important way to inform India’s business community about Australia’s commercial strengths and for our nation’s business people to get a closer look at what India has to offer”.

“The sheer size of the mission makes it an important step in Australia’s ongoing efforts to develop trade, investment, education and tourism ties with India’s economy,” he said.

[ Wanted: Indian Entrepreneurs with Global Ambitions ]

Led by Trade and Investment Minister Andrew Robb, the mission was organised by Austrade and the Department of Foreign Affairs and Trade (DFAT).

ABWI is a comprehensive programme of around 170 activities and events covering 14 industry sectors held across multiple cities in India covering New Delhi, Mumbai, Kolkata, Chandigarh, Pune, Ahmedabad, Jaipur and Ludhiana.

India is Australia’s11th largest trading partner with two-way trade of A$15.2 billion and fifth largest export market, with total exports of A$11.4 billion.

Total Indian investment in Australia is near A$11 billion (up from A$600 million in 2006), while total Australian investment in India is over A$6.5 billion.

Photo courtesy: ABWI

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Rakesh Raman