Premier delivers address at World Economic Forum in India
13 November 2011
NSW Premier Barry O'Farrell has opened his trade and investment mission to India with an address to the World Economic Forum – India Economic Summit in Mumbai.
Mr O'Farrell spoke yesterday about the experience of Indian values in NSW and how the dynamic diaspora in Australia continues to shape India's distinct growth story. "I have seen first-hand, in NSW, how Indian people, their values and the characteristics of dual nationalism are supporting India's development and its emergence as a global power," Mr O'Farrell said.
"As leader of a State that is home to some 60,000 people of Indian origin, I see how successfully our Indian residents are leveraging their knowledge and cultural links to grow trade and investment between our two nations.
"In today's integrated global economy, Indian expatriates and their descendants now serve as India's ambassadors overseas, showcasing Indian values internationally.
"My Government is working to support these enduring links through measures including the Multicultural Business Advisory Panel – which we hope will grow trade and investment between NSW and India and improve our State's export performance."
While in Mumbai, Premier O'Farrell attended a ceremony to bless a multimedia project at a religious centre in south western India.
Mr O'Farrell praised the success of Sydney company Laservision in winning the contract to develop the large-scale multi-media attraction at the shrine of Indian spiritual leader Shri Sai Baba at Shirdi, near Nasik in Maharashtra State.
"Laservision beat strong global competition to win this $5.5 million export deal," Mr O'Farrell said. "The high tech spiritual theme park, the first of its kind in India, will display the interactive teachings of the spiritual leader to the 20 million devotees who visit the shrine every year.
"For the multi-media presentation, Laservision will use a combination of aqua-screens, high-powered light-ray laser systems, high definition video projectors, surround sound and a variety of special effects – all of which will be synchronised and controlled by unique technology developed by the company.
"The research, development and creative work will be done at Laservision's headquarters in Dural, where the show will be built, then dismantled and shipped to Shirdi for construction, commissioning and testing during the middle of next year."
Mr O'Farrell said Laservision's success highlighted the strength of NSW's ICT sector and its specialist niches. "ICT, which is an essential driver of our services-based economy, is one of the sectors I am promoting on my current trade and investment mission to India.
"Laservision, which exports 97 per cent of its services, is an innovative and creative leader in the entertainment sector and a great example of how NSW companies are competing and winning in the global marketplace.
"Laservision's work is seen in more than 20 countries, including Marina Bay in Singapore, Everland in South Korea, and the world's largest light and sound show; 'A Symphony of Lights' at Victoria Harbour in Hong Kong," he said.