Kolkata, Jan 15 (IANS) With the Chinese market becoming more competitive and growth slowing down, Australia is eyeing collaborations in 14 industry sectors in India prioritising services, mines and agro as key areas, an Australian government official said.
"Growth is falling in China, competition in China has much grown and over the next decade, the growth is going to be in India", commercial counsellor of the Australian Trade Commission Gregory Harvey told IANS here Wednesday.
Harvey said the Chinese have "gone to capacity" and the recent changes in the industrial outlook in India makes it a favourable country for the Australian firms to seek collaborations and investment.
"One of the things in mining here is the amount of resources", he said.
Recently, Australian trade and investment minister Andrew Robb said signing the free trade agreement with India is a priority.
"The time is right for Australian companies to seek collaborations in India. Specifically, dairy sector is important for us in agro business besides mining which holds huge potential", commercial counsellor Harvery said.
India is the largest producer of milk globally and holds investment potential for technological upgradations as well as product diversification.
Harvey said Australian firms can help Indian milkmen to diversify their product range as well as optimise the production of milk.
According to Harvey, Australia is the world leader in production of key mineral commodities, namely iron ore, bauxite, alumina, gold, zinc and several others.
"Our technological expertise can help Indian mining companies at various levels. There can be partnerships as well as joint-ventures," he said.
However, most of the initial mining collaborations are expected to happen in the SME segment followed by the PSUs.
Ram Mandir Pran Pratishtha: The country will be blessed with Ram... Lakshmi will also rain, expected business of Rs 50 thousand crores
The consecration of Ram Lalla in the grand temple in Ayodhya on January 22 is going to be a very happy occasion not only for the devotees but also for the businessmen. The business world is busy
Randeep-Lin Wedding: Randeep and Lin wore traditional clothes of Manipur in the wedding, know about it
Randeep Hooda, who has won people\'s hearts with his acting by working in films like Sarabjit, married his girlfriend Lynn Laishram on Wednesday. The wedding ceremony was organized in Imphal, Manipur,
Four children's policy will be implemented in Manipur, will be out of government schemes for breaking the rules
A big decision has been taken by the state government regarding population control in Manipur. The Manipur cabinet has decided to bring an ordinance, under which the family will be excluded from
US-Venezuela Row: 'India is concerned about the Venezuela crisis, we have good relations with them,' says External Affairs Minister S Jaishankar.
India's External Affairs Minister S Jaishankar on Wednesday expressed concern over the possibility of US military intervention in Venezuela. During his official visit to Luxembourg, Jaishankar called
Marathi Row: 'If a poor person speaks Hindi, he is beaten up, no one cares about Javed Akhtar and Aamir Khan...', Nitesh Rane on Marathi controversy
The case of assault on a food stall owner in Mumbai for not speaking Marathi has heated the politics across the state. In such a situation, now Nitesh Rane, a minister in the Fadnavis government, has
Pork can be India's Cheap Protein Fix
Panaji, Feb 20 (IANS) Eating pork could be a cheap protein fix for Indians and cultivation of rapidly multiplying pigs will boost income for rural farmers as well as increase exports, says a study
Playing in statistics: 15 thousand deaths due to corona in February after July, how did the death rate suddenly increase? Learn Complete Mathematics
There has been a tremendous play in the daily death toll from Corona. Due to this game of figures, more than 15 thousand deaths were recorded in February. This number is the highest after the death
Russia should not fall prey to starvation due to Putin's whims; Food products prices hiked by 45%, long queues at ATMs
Not only the people of Ukraine, but the Russian people are also paying the price for the war between Russia and Ukraine. Even though there are no ammunition attacks in Russia, inflation has broken the
Coronavirus Updates: Corona cases reduced in 24 hours in the country, 1574 new cases were found; 9 people died
After Diwali, there is an increase in corona cases in the country. However, today there has been a decrease in corona cases in the country as compared to the previous day. According to the data
Almora Bus Accident: The accident was so horrific that the bodies had to be taken out by cutting the bus... the entire vehicle was crushed after hitting a stone
A bus full of passengers went out of control and fell into a 150-foot-deep gorge in Marchula of the Salt development block of Almora district. 36 people died in the accident while 27 were injured. Six
