Monday, October 22, 2018

TN among top 10 priority states for Australia

Chennai: Tamil Nadu is among the top 10 priority states for Australia in India for increased engagement as Australia charts out a strategy to invest $100 billion in India in the next two decades.

Australian High Commissioner to India, Harinder Sidhu while launching a roadmap for deepening Australia-India economic ties for the next two decades, said that the report ‘An Indian Economic Strategy to 2035: Navigating from Potential to Delivery’ was prepared as Australian business making decision was based on outdated information.

She said that the report asks Australians not to look India as another China as India’s economy is different from that of China and is consumption driven one. “India should be treated on its own terms and not as next China,” she said.

Highlighting the report’s recommendation to deepen Australia-India research and innovation partnership, she said that Tamil Nadu provided a strong base for further growth. “This included 83 active institutional partnerships between Australian and Tamil Nadu Industries, 21 Australian-India strategic Research Fund (AISRF) grants, and two Centres of Excellence at IIT (Deakin and Swinburne).

V Arun Roy, additional secretary, industries and Special Officer for Global Investors Meet who was present on the occasion along with Tamil Nadu Health Secretary J Radhakrishnan and G S Sameeran, director of Fisheries department, urged the Australian High Commissioner to ask Australian businessmen to invest in Australia.  Former Coast Guard Commander (East) S P Sharma, in his new avatar as director of Indo-Australian Chamber of Commerce along with IIT director Bhaskar Ramamurthi were also present.

This comes as Australian government has stated to engage actively with Tamil Nadu at the upcoming Global Investors Meet to be held on January 23-24 to pursue sectoral opportunities in education, road safety technology, urban infrastructure, fisheries and agribusiness.

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