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Australia India Business
Australia India Business
Australia India Business
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AUSTRALIA INDIA
BUSINESS – CONTENTS
FOREWORDS
AUSTRALIA
Introduction:
Australian High Commissioner in India
Mr John McCarthy 14
Invest Australia
Interview with Mr Barry Jones, CEO, & Ms Sandra
Fox, Senior Investment Commissioner for India 16
Introduction:
Australian Minister for Trade
The Hon. Warren Truss MP 27
Austrade
Mr Peter O’Byrne, CEO 28
Utsav Australia 31
Introduction:
Indian Minister for Commerce & Industry
Shri Kamal Nath 81
INDUSTRY FOCUS
BIOTECHNOLOGY
EDUCATION
Offshore Education:
National Centre for Vocational Education
Research (NCVER) 105
Speaking Hindi:
Indo-Australian Bal Barathi Vidyalaya 115
ICT
NASSCOM
Mr Kiran Karnik, President 137
RESOURCES / ENERGY
MANUFACTURING
CONSTRUCTION
FINANCIAL SERVICES
TOURISM
Introduction:
Australian Minister for Small Business & Tourism
The Hon. Fran Bailey MP 169
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16/10/07 1:31:38 PM
001-006 Contents.indd.indd 5 16/11/07 2:53:30 PM
Contents
Invest Australia
Great Opportunities
I
t gives me great pleasure to con- educational institutions. India is also one
gratulate the Australia India Business of Australia’s fastest-growing tourism
Council on the publication of Australia markets, with Indian visitor arrivals being
India Business. projected to grow at an average annual
The Australia-India relationship is rate of 18% over the next decade.
one of the great opportunities of this
century for both nations. We already Early days
enjoy strong economic, cultural and As many contributors to this publi-
strategic ties. India’s rapidly emerging cation will note, it is still relatively
economic strength, recording growth early days as far as the Australia-India
rates averaging 8-9% per annum, trading relationship goes. However,
reinforces this opportunity. As this while we may have taken our time to
extraordinary growth continues, the establish the links that economies of our
relationship will become even more respective sizes would expect to share,
important. it will be the object of my government
to make up lost ground.
Two-way trade Without a doubt, the Australia India
Bilateral trade and investment links Business Council will play a significant role
are already well established. India is in facilitating the ongoing improvement The Hon. Kevin Rudd MP,
Australia’s sixth-largest and fastest- in Australia’s trade and investment ties Prime Minister Elect of Australia
growing export market, with two-way with India. As India grows, we believe our
trade in goods and services worth A$12 relationship will grow with it.
billion in 2006. There is strength in services I am looking forward to the bright
such as tourism and educational services, future Australians and Indians can hope
as well as primary industries. to share together.
Clearly, Australia is ideally placed to
supply the energy and resources, and Website: www.pm.gov.au
many of the services, India will require
to continue its impressive economic
development. Environmental sustain-
ability will also need to be a key theme.
Linking people
However, trade and investment is
only part of the larger story – that of
our strong people-to-people links.
This is what will ultimately serve as the
foundation of our bilateral relationship
in the years to come.
The Indian community in Australia
makes a significant contribution to the
cultural diversity in which our country
takes great pride, being the sixth-largest
source of overseas-born Australians.
Of course, it would be remiss of me
to neglect to mention the ties of cricket,
which will be renewed once again this
summer with the visit of a very strong
Indian team to our shores.
Approximately 40,000 Indian students
are currently enrolled in Australian
Shared Values,
Greater Connectivity
I
am happy to learn about the initiative I welcome the fact that Indian business
of the Australia India Business Council in and industry is seeking partnerships with
producing the Australia India Business their Australian counterparts, and that
publication. Australian business is also discovering
Relations between India and Australia the possibilities that are opening up in
have strengthened in recent years. India.
Besides high level political contacts,
our economic engagement has been Opening doors
particularly impressive. There is, however, I hope that the activities of the
a large untapped potential, which our Australia India Business Council will
two economies need to jointly exploit to open doors for our two large countries
mutual benefit. to better understand and benefit from
each other’s mutual strengths and
Engaging partners complementarities.
During the last fifteen years, the I see a bright future ahead for Indo-
Indian economy has registered high Australian cooperation based upon
growth rates, accompanied by rapid shared values, increased people-
development of its services and to-people contacts, and greater
knowledge sectors. The new economic connectivity. Dr Manmohan Singh,
and technological capabilities of India Prime Minister of India
enable it to effectively engage with Website: http://pmindia.nic.in
international partners in enhancing
trade, investment and other forms of
economic cooperation.
A Passage to India
I
t is generally accepted that India is bilateral trade and business relations
currently the world’s largest democracy between Australia and India.
and, with a young and expanding In 2007, the AIBC led the largest
population, is poised to become the business delegation accompanying
world’s most populous nation by 2030. the Minister for Trade, the Hon. Warren
Its economy is growing at well over 8% Truss, to India for the Joint Ministerial
per annum and its strategic importance, Business Council meeting in New Delhi.
both geographically and economically, In addition, over the last three years, the
is recognised by all. Premiers of each State have led trade
In 1986, the then Prime Ministers of delegations to India and the AIBC has
Australia and India, the Hon. Bob Hawke been closely involved with these, as
and Mr Rajiv Gandhi, together recognised well as hosting incoming delegations
the importance and potential for trade and business groups to Australia.
between the two countries. This mutual
recognition gave birth to the Australia A sustainable relationship
India Business Council (AIBC), in the form All of this points to and is testament to
of a national business organisation. the increasing and sustained business
and trade relations between the two
Federal Government countries. The AIBC strongly believes Mr Brian Hayes, National Chairman,
commitment that Australia can accelerate and Australia India Business Council
The visit to India in 2006 by the maximise the benefits of its links with
Australian Prime Minister, the Hon. John India and develop a relationship that
Howard, and the high level business is both sustainable and of enduring
delegation that accompanied him, strength.
marked the resurgence of the Federal Recent change to the AIBC con- “Australia can
Government’s commitment to the stitution, establishing State Chapters,
strengthening of relations between the has enabled businesses in all the States maximise the
two countries. to benefit directly from this period of
This was reflected at the business increased engagement with India. The benefits of its
level with the Trade and Economic AIBC provides a link between business
Framework Agreement which was an and State governments interested in links with India
outcome of the Joint Ministerial and exploiting the potential for bilateral
Business Council meeting in Sydney in trade. and develop
2005. The publication of Australia India
The AIBC is now widely recognised Business, which the AIBC has officially a relationship
by governments and the business endorsed, will be of great benefit in
community as the peak bilateral providing current information, which that is both
business association in Australia for is of interest and relevance to business
promoting and supporting trade and and government at both State and sustainable and
investment between the two countries. Federal level in this country and
It is the only national non-government overseas. of enduring
business association devoted solely to
promoting, developing and maintaining Website: www.aibc.org.au strength.”