Australia will take part in Prime Minister Narendra Modi-led government’s ‘Make in India’ week in Mumbai with a delegation of 30 government and business leaders representing a wide range of Australian ingenuity in multiple sectors.
Acting Australian high commissioner, Chris Elstoft, said Australia’s engagement in ‘Make in India Week’ would be an important step in helping convert business opportunities into outcomes for the two nations.
“Each of the sectors from Australian business taking part in the event will be crucial to India achieving its ‘Make in India’ dream,” he said.
“As Prime Minister Modi suggested when he visited Australia, in every area of national priority for India, he sees Australia as a natural partner - this delegation embodies that seamless fit between Indian priorities and Australian capability,” he added.
The sectors represented include energy, resources and water, industrial design, infrastructure investment, pharmaceutical research, agribusiness, metals recycling for manufacturing inputs, and agribusiness.
Australia will host a Country Session to showcase Australian expertise across a number of sectors and profile its engagement in India by large corporations to small companies.
Rio Tinto and Woodside, two of Australia’s biggest resource companies, will be present during the Session, while other participants include industrial design expert Mark Watson speaking on Smart Cities and Yes Bank will discuss the benefits of partnering with Australia.
Elstoft said Prime Minister Modi-led government’s successful ‘Make in India’ program had boosted India’s manufacturing sector, and would provide ongoing impetus to the country’s robust economy.
“With a growth forecast of 7.6 percent for 2015-16, India is one of the fastest growing economies in the world. The level of Australian engagement in Make in India Week is evidence of Australian business confidence in the opportunities for doing business with India,” he said.