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INVESTMENT SN
APSHO
Tasmania & Hobart
T
tasmania
Hobart is Australia’s second oldest city – the
Investment Potential
capital and most populous of the island state of Tasmania boasts competitive and cost-effective energy
Tasmania, with approximately 200,000 residents. sources, with an abundance of natural gas and availability
With an estimated population of 500,000, Tasmania of hydro electricity. Private investment is experiencing
occupies an area of 68,401 square kilometres and is considerable growth, with manufacturing, aquaculture,
celebrated as ‘the natural state’ – due to its pristine gourmet food and wine, ship building, mining,
and largely untouched natural environment. Hobart information and communications technology, tourism,
serves as a busy seaport, a base for trade, as well as energy, biotechnology, property development and retail
Australian and French operations in Antarctica. representing exciting opportunities for investors. Exports
Tasmania is located 240 kilometres south of the have increased substantially alongside growing demand
Australian continent, separated by the Bass Strait. The for Tasmanian products. Recent proposals to build a
purchase of the Melbourne-to-Devenport passenger A$1.4 billion pulp mill suggest positive future prospects
ships has significantly boosted Tasmania’s tourism for Tasmanian timber products.
industry, with A$600 million worth of tourism-related
infrastructure currently underway.
Lifestyle & Industry
Tasmania offers a high-quality lifestyle at an extremely
low cost. Culturally rich, it is relaxed and affordable – a
lifestyle that has almost disappeared in the cosmopolitan
cities of the modern world. Internationally famous in the
yachting community for being the finish line of the annual
Sydney to Hobart Yacht Race, Hobart is world-renowned
for the Hobart Summer Festival. Tasmania has the lowest
direct labour costs and lowest business planning and
licensing costs in Australia. In addition, Tasmania is the
nation’s second-lowest taxing state or territory.
IMAGES (Clockwise from top): A view of Cradle Mountain
from Dove Lake; Lavender fields; Hobart Harbour; and an
aerial view of Wineglass Bay.
INVEST IN AUSTRALIA – INDIA 45
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