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Tamil Nadu
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Chennai
CHENNAI: Australian firms are keen on providing Indian firms with their technical expertise in infrastructure, banking, insurance, education, health and medical tourism and corporate training, Aminur Rahman, Australian Consul-General and Trade Commissioner for South India, said Friday. At a workshop on “Australian visa procedure and business opportunities,” organised by the Indo-Australian Chamber of Commerce, he said Australian firms were willing to work together with Indian firms through technical collaborations and joint ventures. An infrastructure fund of $3-5 billion was being created to develop ports, roads, airports and townships in India. “With the help of Australian and Indian technical expertise, we can export products or offer services to neighbouring countries in aviation, pharmaceuticals and logistics. The process for implementation of the Free Trade Agreement has begun. The trade relationship has grown by 25-30 per cent,” he said. Bilateral tiesThe bilateral ties, he said, had moved to a higher level. Australian banks had opened offices in India and were gearing up to offer insurance products. Furthermore, they were ready to provide their expertise in cleaner technology, health and medical tourism and corporate training. In his welcome address, Chamber director C. Sarat Chandran said more and more Australian firms were now seeking business tie-ups in India. In the last six months, 18 deals had taken place in information technology, business process outsourcing, engineering and financial services. Two major retailers David Jones and Target were ready to open their buying offices in South India to source garments and apparels. “There are over 4,000 IT and BPO firms in Australia. Our objective is to bring to India at least one per cent of them. This is an achievable goal,” he said.
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