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f
O
r
E
w
O
HE Sujatha
rd
Singh
high commissioner
India-Australia relations have expanded substantially in
recent years, both in qualitative and quantitative terms.
The growing co-operation Power agreement with Geodynamicin
encompasses diverse areas including geothermal exploration. Our oil companies
trade and investment, science and are increasingly active in Australia, as
technology, biotechnology, mining witnessed by the recent A$25 billion
and resources, defence, education, deal signed by Petronet with Exxon in
tourism, environment and clean connection with the Gorgon Project. There
development. People-to-people is significant co-operation in the area of
exchanges, academic interaction, information technology, with virtually every
tourism and visits of cultural groups major Indian software company having a
have all been showing robust growth. presence in Australia, including software
Today, both India and Australia are development centres.
at the epicentre of the new economic Australian investment in India has also
forces shaping the world, particularly in been growing. With the strengths that
the Asia-Pacific region. Australia possesses in sectors such as
India-Australia trade has grown in tourism, financial services, agriculture,
the past few years at over 30 per cent biotech and food processing, mining and
per annum. Bilateral trade during 2008 other areas, we would welcome more
has reached A$18.91 billion, comprising Australian investment in these areas.
A$16.46 billion in Australian exports to A series of high level exchanges
India and A$2.45 billion in exports from over the past few years have served to
India to Australia. India is Australia’s advance the relationship in all areas. In
fourth largest export destination and coming years, we expect this partnership
tenth largest trading partner. Resources to further strengthen, thereby delivering
are an important element of our bilateral tangible benefits to Indians and
trade, accounting for over 80 per cent of Australians alike.
total trade. I am hopeful that this publication
Investment between the two countries Invest Australia – India will contribute and
has been growing. Indian investments in play an active role in the future growth
the mining sector are significant. Recent of trade and investment co-operation
investments include the IFFCO tie-up with between our two countries.
Legend, involving investment in Legend’s
phosphate projects with buyback
arrangements; the NMDC and Rio Tinto Her eXCeLLenCY sujatHa singH
agreement for joint exploration in India, High Commissioner of india
Australia and other countries and the Tata to australia
INVEST IN AUSTRALIA – INDIA 9
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