Australia’s Trade with India

India and Australia have a strong and productive bilateral partnership. Underpinned by trade and investment, the scope of Australia’s relationship with India has increased in line with India’s rapid economic and strategic growth.

Australian exports to India are on the rise, India is now Australia’s 4th biggest export market underlining the importance of India as a major export and investment destination for Australia. Merchandise exports to India grew from 7.3 $A Billion in 2005-06 to 10.1 $A Billion in 2006-07, registering a 36.8% increase. Australia’s leading merchandise exports include Coal, Gold, Copper Ore, Wool, Horticulture, etc. This makes India the fastest growing export market for Australia. India accounts for 6% of Australia’s Merchandise exports in 2006-2007 up from 4.84 % in 2005-2006

Services exports to India have also been growing rapidly with education leading from the front. Australia is now the 2nd biggest overseas education destination for Indian students. Indian tourist arrivals have also been on the rise contributing to Australia’s services exports to India.

Australia offers all the services required to complement India’s economic rise in sectors like education, tourism, financial services and insurance and a host of other professional skills. In the mining sector, Australia’s exports include the minerals and fuels, energy investment and collaboration on areas of joint significance.

In Information and communications technology, India’s globally-renowned industry is growing ever-stronger and there are solid linkages with Australia’s ICT capabilities.

As a young country that enjoys a vibrant lifestyle, Australia features many innovative businesses offering products and services ranging from wines to fashion to consumer electronics to leisure to cater to a young population & discerning consumers.

Australian expertise is available in a wide range of sectors that can complement Indian industry’s needs & requirements. Australia can be a very significant value added partner for Indian businesses in their growth & expansion paths by providing competitive solutions and expertise both in traditional & emerging sectors for Indian businesses.

The Australian Trade Commission has been playing a very significant role in developing Australia – India business & commercial relationships. With presence in 10 locations in India and an on-the-ground network of industry specialists, Austrade assisted over 525 Indian companies’ access Australian technologies, products and expertise as well as seek Australian investments and partnerships.

The Australian Trade Commission has embarked on a very focused sector specific strategy to offer Australian technology, expertise & solutions for Indian businesses in the areas of Resources, Mining & Energy; Infrastructure; Building & Construction; Food & Beverage; Agri Business; ICT; Film, Media & Entertainment; Retail; Financial Services”

The Australian Trade Commission offers services for Indian businesses in identifying potential Australian business partners; sourcing Australian technology, products, services & expertise and in identifying Australian joint venture partners & investors.

For more information, please visit www.utsavaustralia.in

Short URL: http://www.indiandownunder.com.au/?p=11261

Posted by on Jul 18 2018. Filed under Australian News, Biz India, Community. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.

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