Wednesday, October 6, 2010

More Australian companies eyeing work in India's infra sector

About 1,000 Australian companies evince interest in doing projects in India every year despite the challenges of "bureaucracy" and "delays" as opportunities outnumber these impediments, Australia has said.

"Bureaucracy is a difficulty in India, delays too. But we look at the number of opportunities. Number of Australian companies that have evinced interest in India is increasing ...there are 1,000 Australian companies per year," Senior Australian Trade and Investment Commissioner for South Asia, Peter Linford told media.

"When an Australian company comes to India, they understand doing business here is different than doing business in Australia or Japan and even challenges are different," Linford said adding, "We want as many contracts as possible mainly in the infrastructure sector."

Already 47 Australian companies are executing contracts worth ASD 83 million for the Commonwealth Games. Besides, At present, there are 60 companies working in the infrastructure sector here.

"We want even a stronger presence with the Indian government announcing USD 500 billion investment in infrastructure," the Australian Trade Commissioner said.

Australia has also launched BCA, providing platform for its top companies to network with India Inc during the Commonwealth Games which will be participated by over 2,000 business executives from both the sides.

The BCA is the Australian government's official business networking programme for the CWG in Delhi and is aimed at boosting trade and investment opportunities between India and Australia. Twenty-two business and industry events are being organised over 11 days of the competition at the Australian High Commission .

BCA, which has come to India for the first time, will showcase Australia's capabilities to Indian business. Top Australian companies like Taiyo Membranes, David Payne, Macquarie Securities and Leightons India are representing BCA.

The bilateral trade between the countries was USD 13.79 billion in 2009-10.

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