India-Aus to work on water management, skills & services

India has made tremendous progress in terms of its services for Australian businesses and moreover present great prospects on an amount of a huge market of 1.2 billion people The Dollar Business Bureau
India-Australia will work together in water management, skills, and services Australia has been pitching India as an attractive investment destination and is very eager to invest in LNG, financial services, education and healthcare sectors of the $2-trillion economy
  India and Australia will work together and invest in several sectors. Australia can lend its services and expertise in the field of containing water management, skill development and minerals. According to the Indian High Commissioner to Australia Navdeep Suri, “Australia sees the Indian economic story. It has benefited enormously from its 20 years engagement with China, but as Chinese economy begins to slow, India is seen as a natural partner”. This is more relevant particularly in areas where Australia's strengths complement Indian requirements, he added. The Commissioner also revealed that, “In recent times, Australia has been pitching India as an attractive investment destination and is very eager to invest in LNG, financial services, education and healthcare sectors of the $2-trillion economy”. Suri was majorly referring to skill development and other areas in terms of future investment in Australia.  Australia is a semi-arid country just like India. Its water-management systems are well known. It has done a lot of work like recharging aquifers, efficient water saving and other areas and they are seen internationally as world leaders in this field. "In the mining sector, for example, there is a substantial discussion on mining and engineering services. So, it’s not just a mine but the whole ecosystem. And when it comes to scale and technology, Australia is a world leader," Suri said.  The India-Australia’s trade stood at $13 billion in 2014-15 as against $12.12 billion in the previous fiscal.

February 22, 2016 | 06:00pm IST

The Dollar Business Bureau - Feb 22, 2016 12:41 IST
 
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