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Racist attacks haven't dented bilateral trade, investment:Oz

The racist attacks on Indian students have not dented bilateral trade and investment between India and Australia, Australian Consul-General, Chennai said on Thursday.

india Updated: Feb 18, 2010 22:59 IST

The racist attacks on Indian students have not dented bilateral trade and investment between India and Australia, Australian Consul-General, Chennai said on Thursday.

"The trade between India and Australia is going strong and generating interest from both the sides, since economic fundamentals are different from the problems being faced by the Indian student community," Aminur Rahman said in Coimbatore.

Bilateral trade, which stands at 20 billion Australian dollars now, is growing at 30-35 per cent annually, he said, however, adding it is hard to predict whether this growth is sustainable or not since it depends on markets and sectors the trade is looking at.

Refusing to be drawn into a discussion on the recurring attacks in which a few Indian students were killed in the recent past, he said the recent terror attacks or the Maoists violence do not deter Australian investors at looking at India.

"The economic fundamentals are different and there are a number of other reasons for investors who have selective criteria for investing in a particular region. There is no adverse impact on bilateral trade and investment so far," he said.

On opportunities in India, he said if mining laws are simplified and foreign investment allowed, many companies will pump in investments in these sectors.