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.
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.
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.
IABCA 2024 Key Dates:
Wednesday 11th January - Deakin x IABCA Leadership Series Launch
Friday 26th January - IABCA Finalist Announced
May 2024 - IABCA Parliamentary Roundtable, Canberra
12 - 16 August 2024 - IABCA India Week in Australia
QLD | NSW | ACT | VIC
Tamil Nadu Global Investors Meet
Chennai Trade Centre
7 - 8 January 2024
Tamil Nadu’s signature investment summit aims to attract foreign talent and capital to the state. Tamil Nadu is India’s most industrialised state and second largest economy, with opportunities across its auto, textiles, food, digital economy and renewable energy sectors. The Australian Government will be using the Global Investors Meet to promote Australia as a great destination for investment, work, study and tourism.
10th Vibrant Gujarat Global Summit 2024
Mahatma Mandir, Gandhinagar, Gujarat
10th - 12th January 2024
Vibrant Gujarat was initiated by Prime Minister Narendra Modi in 2003 as the then Chief Minister of Gujarat. It brings together leaders, ministers and CEOs from around 130 countries. Prime Minister Modi remains personally invested in the Summit’s success and is expected to attend and interact with delegation leaders. Gujarat is a manufacturing, pharmaceutical, and green energy hub and one of the fastest growing Indian states and fourth largest state economy. Education is increasingly a significant focus.