Economic agreement with India golden business opportunity

The recently signed Economic Agreement between Australia and India is a great opportunity for NSW businesses to enter the global marketplace. 

8 April 2022

Earlier this week, Business NSW hosted the Chairman of the Confederation of Indian Industry and the CEO and MD of Tata Steel, Mr T V Narendran, along with a delegation of many of India’s most senior business leaders to mark the historic milestone at the offices of Business Sydney. 

“This is a historic moment for the NSW economy and our broader business community as, after ten years of negotiations, an agreement to lift our trade and investment relationship to a whole new level has been reached,” said Business NSW Chief Executive Daniel Hunter. 

“Australia and India are two countries that share so much in our democratic way of life, and our global outlook, so it stands to reason that we also have so much to assist each other on in areas such as skills and investment, materials and manufacturing. 

“The pandemic had such a detrimental impact on our trade capabilities, and it discouraged many businesses, particularly smaller ones, from considering global markets. 

“Australia and NSW in particular, has a reputation for producing the highest quality products, and this new Agreement provides the confidence to break into the Indian market. 

“Businesses with international trade capability, or those looking to upscale should not waste this incredible opportunity. 

“This is the start of a new and long-term partnership, that will need both long-term strategies and vision, to make the most of this historic moment in NSW’s trading and investment history,” Mr Hunter said.

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