SEARCH

Growing demand for Indian investments in Australia

Special Correspondent
print   ·   T  T  
‘Reflect’ing on prospects:MLC and Minister for Technology, Government of Victoria, Australia, Gordon Rich-Phillips (Right) and Global CEO Walter Hesse at the opening of the India Office in Hyderabad on Friday.- PHOTO: G. RAMAKRISHNA
‘Reflect’ing on prospects:MLC and Minister for Technology, Government of Victoria, Australia, Gordon Rich-Phillips (Right) and Global CEO Walter Hesse at the opening of the India Office in Hyderabad on Friday.- PHOTO: G. RAMAKRISHNA

The State government of Victoria in Australia, which has an Information & Communications Technology industry worth estimated at Aus $ 30 billion, is keen on seeking Indian investment, said Gordon Rich-Phillips, Minister for Technology & Minister responsible for the Aviation Industry. Currently, Indian investment in Victoria ran into hundreds of millions Aus dollars, he said.

Among sectors that Australia was looking for strategic partnerships are ICT, bio-technology, aerospace, automobile, tourism, food and beverages, he said, addressing presspersons here on Friday morning. After inaugurating the India Office here, of ‘we-do-IT’, a global geo-spatial information and technology services provider, he said the sector in the State of Victoria, Down Under, was growing at 5 per cent, roughly double the Australian average growth.

The India Office here was the eighth facility of the company after Melbourne, Sydney, Perth, Brisbane and Auckland in Australia, Denver and Miami in the USA and London (Europe operations), he said, adding that the India Office currently had a 13-member team led by India CEO Kalyan Kamepalli.

‘Among sectors that Australia is looking for strategic partnerships are ICT, bio-technology, aerospace, automobile, tourism, food and beverages’


O
P
E
N

close

Recent Article in NATIONAL

The damaged coaches of the Krishak Express and the Lucknow-Barauni Express which collided near Gorakhpur on Tuesday night.— Photo: PTI

13 die after trains collide in Uttar Pradesh

47 injured persons hospitalised in Gorakhpur; probe ordered »