IABCA is sharing the below Expression of Interest on behalf of CAIR to relevant individuals, businesses, and organisations, who may be interested in supporting participation in the Tamil Nadu Global Investors Meet and Vibrant Gujarat Global Summit, taking place in January 2024.

 

Expressions of interest are sought from Australian companies to send senior representatives to the above significant trade and investment summits in India scheduled for early 2024.

 

The Tamil Nadu Global Investors Meet is scheduled from 7-8 January and the Vibrant Gujarat Global Summit from 10-12 January 2024.

The Australian Government is working to organise strong Australian participation at both summits and encourages business associations to arrange member delegations.

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Australian participation in these two summits is being supported by the Australian Trade and Investment Commission (Austrade), the Department of Foreign Affairs and Trade, the Centre for Australia-India Relations, and states and territory governments. Australia’s High Commissioner to India, Philip Green, will attend both summits.

 

Participation in both summits offers a unique opportunity for Australian businesses to gain insights into the diversity, economic strengths, and opportunities in South and North India.

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The Australia-India relationship is stronger than ever with the Australia-India Economic Cooperation and Trade Agreement (ECTA) coming into force in December 2022.

India has emerged as one of the world’s fastest growing economies (6.9 per cent FY2022-23, World Bank).
It has a young, educated and dynamic workforce, with over half of India’s 1.6 billion inhabitants under the age of 30.
India is Australia’s sixth largest two-way trading partner, with total two-way trade valued at $46.5 billion in 2022.
ECTA provides Australian exporters with additional market access across a wide range of sectors, including a range of goods (wool, seafood, fruit and vegetables, et al) and services (higher education, business services, R&D, et al).
 

There is much more that can be done to unlock the potential for business. Both summits will provide a strong platform for strengthening business-to-business ties. They also present an opportunity to showcase the credentials of Australian companies to Indian customers, to meet new business partners and to learn more about how India’s economic agenda aligns with Australian business priorities and growth ambitions.