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Minister for Trade and Investment - Media Release - Robb: Australia India Trade Ties Closer Than Ever

MINISTER FOR TRADE AND INVESTMENT

The Hon Andrew Robb AO MP

16 January 2015


ROBB: AUSTRALIA INDIA TRADE TIES CLOSER THAN EVER

Trade and Investment Minister Andrew Robb today said Australia and India were on
the cusp of a new dawn in their commercial relationship as he officially wrapped up
Australia Business Week in India (ABWI), a week-long roadshow designed to boost
trade and investment between the two countries.

"There is something special going on in India. The enormous vision of Prime Minister
Modi has excited many people. Australia is looking forward to being a part of this very
important period in India's re-emergence as a significant power," Mr Robb said.

Mr Robb had a series of high-level government meetings including with Prime Minister
Modi, Finance Minister Arun Jaitley and a number of other senior ministers.

He has been leading a trade mission to India of more than 450 Australian business
leaders, including Rio Tinto chief Sam Walsh, Woodside CEO Peter Coleman and
Hancock Prospecting chair Gina Rinehart. ABWI visited eight cities including Mumbai,
Delhi, Chandigarh and Kolkata.

"This high-level delegation has shown the Indian business community that Australians
are willing, as we would say, to put skin in the game," Mr Robb said.

"This visit has been an important step towards unlocking the vast untapped potential in
the relationship between our countries.

"We have seen a number of deals this week in a variety of sectors building the
business bonds between Australia and India," he said.

This has included agreements between Woodside and the Adani Group on LNG
supply, Wollongong University and Pandit Deendayal Petroleum University on mining
excellence, the National Australia Bank and the State Bank of India and the SAE
Institute and Reliance Media in the film sector.

Mr Robb used the visit to meet a number of Indian business leaders, including the
Adani Group’s Gautum Adani, Mukesh Ambani, from Reliance Industries, and Tata
Consulting chief Natarajan Chandrasekaran. He also welcomed Mr Walsh as
Australian co-chair and Mr Adani as the Indian co-chair of a revitalised Australia India
CEO Forum.

MEDIA RELEASE

"Our top business leaders will be critical to the success of this relationship. I'm
confident they're up to the task of building trade and investment, which will create jobs
and increase prosperity for the people of our countries," Mr Robb said.

Mr Robb welcomed the strong reiteration from Prime Minister Modi of his commitment
to finalising a comprehensive bilateral trade agreement by the end of this year.

"I will keep coming back to India to ensure we get our negotiations over the line this
year. This is a key priority for both our Prime Ministers," he said.

During ABWI, Mr Robb attended Gala Receptions in both Delhi and Mumbai
showcasing the best of Australian tourism and premium food and wine.

He also attended Vibrant Gujarat 2015 and the CII Australia-India Business Summit
and the CII Global Partnership Summit.

Trade and Investment Minister’s Office: 0400 940 968 or 02 6277 7420
DFAT Media Liaison: 02 6261 1555
Austrade Media (02) 9392 2057


Government Australia Advisory Board

Simon Crean MP

John Brumby 

Kristina Keneally

Mark Vaile

Nick Greiner

Alexander Downer

Peter Charlton

Trevor Rowe

Warwick Smith

 

Bob Carr