Strengthening economic ties with India
19 January 2015
Australia has strengthened its economic ties with more than 450 delegates from a range of industries attending Australia Business Week in India (ABWI).
Minister for Trade and Investment Andrew Robb led Australia's largest-ever business mission to India from 9-16 January, building on the growing economic momentum between our two countries. The NSW Premier also participated in the opening of ABWI in Delhi.
The event was designed to enhance investment, education and tourism ties with India.
Opportunities for NSW businesses
The Australia-India economic relationship has grown steadily in recent years and has the potential to considerably increase opportunities for NSW businesses in a range of sectors.
Close to 100 NSW delegates attended the mission, across 13 sectors where opportunities exist for Australian businesses.
These sectors include:
- Agriculture Equipment, Technology, Services and Dairy
- Cultural Services
- Premium Food and Beverage
- Health, Assisted Living and Life Sciences
- Investment - Resources and Energy
- Investment - Innovation and Research
- Resources - Mining Equipment, Technology and Services (METS)
- Transport - Road Safety
- Transport - Rail
Read more about targeting emerging India-NSW growth opportunities.
India is one of 10 priority international markets for the NSW Government. Two-way goods trade between NSW and India was valued at $1.8 billion last financial year.
The NSW government recently released an India Strategyto create favourable conditions to increase trade with India into the future.
India's large workforce, increasing productivity and sustained growth will see it emerge as the world's third-largest economy in the next decade.
Interested in NSW-India trade and investment?
NSW Trade & Investment has export advisors and industry sector specialists ready to assist you. We help exporters and investors to build links and do business, providing support including investment facilitationand export assistance.
We also have representation in India through our NSW Trade & Investment office in Mumbai, India.