ssenisub aidni ailartsua ssenisub aidni ailartsua ssenisub aidni ailartsua ssenisub aidni ailartsua ssenisub aidni ailartsua

ssenisub aidni ailartsua
A bilateral trade & investment guide for Australia and India.

australia india business

2008

Westpac International Solutions Helping businesses fulfil their global needs

For more efficient ways to do business overseas, contact Westpac. With 190 years experience in the complexities of international trade, our team of specialists can help you maximise your opportunities. Just some of Westpac’s innovative trade solutions include: • Import and export documentation • Trade finance • Foreign exchange • Commercial payments • International cash management accounts

Like to know more? Call: India – Vikram Nimkar Singapore – Craig Scullin Australia – Emmanuel Alfieris

+91 22 661 566 60 +65 6530 9589 +61 2 8254 1762

Things you should know: Subject to the bank’s normal lending criteria. Information current as at 20 August 2007. Westpac Banking Corporation ABN 33 007 457 141.

AUSTRALIA INDIA BUSINESS – CONTENTS
FOREWORDS
Prime Minister of Australia The Hon. John Howard MP Prime Minister of India Dr Manmohan Singh National Chairman, AIBC Mr Brian Hayes

7 9 11

AUSTRALIA
Introduction: Australian High Commissioner in India Mr John McCarthy Invest Australia Interview with Mr Barry Jones, CEO, & Ms Sandra Fox, Senior Investment Commissioner for India Australia India Council Interview with Mr Darren Gribble, Chairman

14

16 22

AUSTRALIAN EXPORTS TO INDIA
Introduction: Australian Minister for Trade The Hon. Warren Truss MP Austrade Mr Peter O’Byrne, CEO Utsav Australia Business Club Australia Export Finance & Insurance Corporation (EFIC) Australian Institute of Export (AIEX) Doing Business in India Mohan Monteiro President, AIBC NSW Chapter

27 28 31 32 34 36

38

STATE BY STATE
New South Wales The Hon. Morris Iemma MP Premier of NSW AIBC, NSW Chapter

Queensland The Hon. Anna Bligh MP Premier of Queensland Victoria The Hon. John Brumby MP Premier of Victoria AIBC, Victorian Chapter

43

39 42

47 49

AUSTRALIA INDIA BUSINESS 2008

1

Contents

South Australia The Hon. Mike Rann MP Premier of South Australia AIBC, South Australian Chapter Western Australia The Hon. Alan Carpenter MLA Premier of Western Australia Tasmania The Hon. Paul Lennon MHA Premier of Tasmania Australian Capital Territory Jon Stanhope MLA Chief Minister of the ACT

51 53

Northern Territory Department of Business, Economic and Regional Development

65

INDIA
Interview: Tarun Das Chief Mentor Confederation of Indian Industry (CII) India Trade Profile, Region by Region Destination India India Tourism & Trade Information

55

68 71 76

59

62

INDIAN EXPORTS TO AUSTRALIA Introduction: Indian Minister for Commerce & Industry Shri Kamal Nath Confederation of Indian Industry (CII) Indo-Australian Chamber of Commerce C. Sarat Chandran, Director

81 82 84

INDUSTRY FOCUS BIOTECHNOLOGY
Australia-India Strategic Research Fund (AISRF) Association of Biotechnology Led Enterprises (ABLE) Ms Kiran Mazumdar Shaw, President

87

93

EDUCATION
Australian Education International Where to Study 1: Education Adelaide Offshore Education: National Centre for Vocational Education Research (NCVER) Where to Study 2: Perth Education City Speaking Hindi: Indo-Australian Bal Barathi Vidyalaya Where to Study 3: Study Melbourne Case Study: Pallavi Barat Master of Professional Accounting

97 103

105 111 115 119 125

2

AUSTRALIA INDIA BUSINESS 2008

Where to Study 4: NSW DET International Case Study: Ammitjot Pannu Studying IT in Australia

127 131

ICT
Australian Information Industry Association (AIIA) Ms Sheryle Moon, CEO NASSCOM Mr Kiran Karnik, President

133 137

RESOURCES / ENERGY
Australian High Commission, New Delhi Interview: Mr Ravi Kastia Head, CII Mining Panel

141 145

FOOD & AGRIBUSINESS
Agribusiness Association of Australia Mr John Crosby, President

150

MANUFACTURING
Australian Manufacturing Technology Institute Limited (AMTIL)

155

CONSTRUCTION
Interview: Mr Peter Forby Australian Consul General, Western India CSIRO Materials Science & Engineering

159 161

FINANCIAL SERVICES
Investment & Financial Services Association Mr Richard Gilbert, CEO

164

TOURISM
Introduction: Australian Minister for Small Business & Tourism The Hon. Fran Bailey MP Tourism Australia

169 171 176

CREDITS

www.australiaindiabusiness.com
AUSTRALIA INDIA BUSINESS 2008

3

Contents

MQ CRICOS Provider Code: 00002J

4

AUSTRALIA INDIA BUSINESS 2008

Macquarie University, Sydney
Ranked among the world’s top 100 universities, Macquarie is famous for its pioneering spirit, its international and industry connections, and the success of its graduates. With an MBA program ranked as one of the best in Australia and the AsiaPacific region (Economist Intelligence Unit, 2006) it’s no surprise that Macquarie graduates are highly sought-after; for more than a decade, their starting salaries have been ranked among the highest in Australia (The Good Universities Guide 1997-2008).

Engineering at Macquarie
Macquarie University’s unique industry placement program guarantees engineering students six months of experience working with industry leaders like Optus and Microsoft.

Master of Consulting in Information Technology
Unique to Macquarie this program develops specialist knowledge in key growth areas within the Information and Communication Technologies industry and provides a competitive advantage by giving students experience in the IT industry.

Research at Macquarie University
Macquarie is consistently ranked in the top ten Australian Universities for Australian Research Council Discovery Grants awarded to its staff, Federation Fellowships and major national research centres established on-campus.

Location
With a core commitment to leadership and innovation students from over 71 nations are drawn to Macquarie’s green open spaces, just 30 minutes from Sydney Harbour.

For more information
go to www.international.mq.edu.au or email iso@mq.edu.au
AUSTRALIA INDIA BUSINESS 2008

5

Contents

Invest Australia

6

AUSTRALIA INDIA BUSINESS 2008

Foreword

Great Opportunities
I
t gives me great pleasure to congratulate the Australia India Business Council on the publication of Australia India Business. The Australia-India relationship is one of the great opportunities of this century for both nations. We already enjoy strong economic, cultural and strategic ties. India’s rapidly emerging economic strength, recording growth rates averaging 8-9% per annum, reinforces this opportunity. As this extraordinary growth continues, the relationship will become even more important. educational institutions. India is also one of Australia’s fastest-growing tourism markets, with Indian visitor arrivals being projected to grow at an average annual rate of 18% over the next decade.

Early days
As many contributors to this publication will note, it is still relatively early days as far as the Australia-India trading relationship goes. However, while we may have taken our time to establish the links that economies of our respective sizes would expect to share, it will be the object of my government to make up lost ground. Without a doubt, the Australia India Business Council will play a significant role in facilitating the ongoing improvement in Australia’s trade and investment ties with India. As India grows, we believe our relationship will grow with it. I am looking forward to the bright future Australians and Indians can hope to share together. Website: www.pm.gov.au

Two-way trade
Bilateral trade and investment links are already well established. India is Australia’s sixth-largest and fastestgrowing export market, with two-way trade in goods and services worth A$12 billion in 2006. There is strength in services such as tourism and educational services, as well as primary industries. Clearly, Australia is ideally placed to supply the energy and resources, and many of the services, India will require to continue its impressive economic development. Environmental sustainability will also need to be a key theme.

The Hon. Kevin Rudd MP , Prime Minister Elect of Australia

Linking people
However, trade and investment is only part of the larger story – that of our strong people-to-people links. This is what will ultimately serve as the foundation of our bilateral relationship in the years to come. The Indian community in Australia makes a significant contribution to the cultural diversity in which our country takes great pride, being the sixth-largest source of overseas-born Australians. Of course, it would be remiss of me to neglect to mention the ties of cricket, which will be renewed once again this summer with the visit of a very strong Indian team to our shores. Approximately 40,000 Indian students are currently enrolled in Australian

AUSTRALIA INDIA BUSINESS 2008

7

Foreword

8

AUSTRALIA INDIA BUSINESS 2008

Foreword

Shared Values, Greater Connectivity
I
am happy to learn about the initiative of the Australia India Business Council in producing the Australia India Business publication. Relations between India and Australia have strengthened in recent years. Besides high level political contacts, our economic engagement has been particularly impressive. There is, however, a large untapped potential, which our two economies need to jointly exploit to mutual benefit. I welcome the fact that Indian business and industry is seeking partnerships with their Australian counterparts, and that Australian business is also discovering the possibilities that are opening up in India.

Opening doors
I hope that the activities of the Australia India Business Council will open doors for our two large countries to better understand and benefit from each other’s mutual strengths and complementarities. I see a bright future ahead for IndoAustralian cooperation based upon shared values, increased peopleto-people contacts, and greater connectivity. Website: http://pmindia.nic.in

Engaging partners
During the last fifteen years, the Indian economy has registered high growth rates, accompanied by rapid development of its services and knowledge sectors. The new economic and technological capabilities of India enable it to effectively engage with international partners in enhancing trade, investment and other forms of economic cooperation.

Dr Manmohan Singh, Prime Minister of India

AUSTRALIA INDIA BUSINESS 2008

9

Foreword

Accor focuses on India
With over 40 years of expertise, Accor is the European leader in hotels and tourism and operates in nearly 100 countries with 170,000 employees. In 2006 Accor opened the Hyderabad International Convention Centre, India’s largest and first purpose-built convention facility, and the adjacent Novotel Hyderabad. Today, Accor has 47 hotels committed to open in India under the Sofitel, Pullman, Novotel, Mercure, Ibis and Formule 1 brands – 24 of these are due to open before 2010. A signature hotel for the group, the Sofitel Mumbai, will establish the 5-star brand in the country’s premier business centre and join other Sofitel hotels planned for major Indian centres. Accor is continuing its innovative expansion of its international economy Ibis brand with the launch of a network of Ibis hotels throughout India. As the world leader in economy and mid-priced hotels, Accor’s vision will redefine the economy hotel sector in India and position Ibis hotels as the preferred best value international hotel brand across the region.

7234

10

AUSTRALIA INDIA BUSINESS 2008

Foreword

A Passage to India
I
t is generally accepted that India is currently the world’s largest democracy and, with a young and expanding population, is poised to become the world’s most populous nation by 2030. Its economy is growing at well over 8% per annum and its strategic importance, both geographically and economically, is recognised by all. In 1986, the then Prime Ministers of Australia and India, the Hon. Bob Hawke and Mr Rajiv Gandhi, together recognised the importance and potential for trade between the two countries. This mutual recognition gave birth to the Australia India Business Council (AIBC), in the form of a national business organisation. bilateral trade and business relations between Australia and India. In 2007, the AIBC led the largest business delegation accompanying the Minister for Trade, the Hon. Warren Truss, to India for the Joint Ministerial Business Council meeting in New Delhi. In addition, over the last three years, the Premiers of each State have led trade delegations to India and the AIBC has been closely involved with these, as well as hosting incoming delegations and business groups to Australia.

A sustainable relationship
All of this points to and is testament to the increasing and sustained business and trade relations between the two countries. The AIBC strongly believes that Australia can accelerate and maximise the benefits of its links with India and develop a relationship that is both sustainable and of enduring strength. Recent change to the AIBC constitution, establishing State Chapters, has enabled businesses in all the States to benefit directly from this period of increased engagement with India. The AIBC provides a link between business and State governments interested in exploiting the potential for bilateral trade. The publication of Australia India Business, which the AIBC has officially endorsed, will be of great benefit in providing current information, which is of interest and relevance to business and government at both State and Federal level in this country and overseas. Website: www.aibc.org.au

Federal Government commitment
The visit to India in 2006 by the Australian Prime Minister, the Hon. John Howard, and the high level business delegation that accompanied him, marked the resurgence of the Federal Government’s commitment to the strengthening of relations between the two countries. This was reflected at the business level with the Trade and Economic Framework Agreement which was an outcome of the Joint Ministerial and Business Council meeting in Sydney in 2005. The AIBC is now widely recognised by governments and the business community as the peak bilateral business association in Australia for promoting and supporting trade and investment between the two countries. It is the only national non-government business association devoted solely to promoting, developing and maintaining

Mr Brian Hayes, National Chairman, Australia India Business Council

“Australia can maximise the benefits of its links with India and develop a relationship that is both sustainable and of enduring strength.”

AUSTRALIA INDIA BUSINESS 2008

11

Foreword

12

AUSTRALIA INDIA BUSINESS 2008

Master your semester with Scribd & The New York Times

Special offer for students: Only $4.99/month.

Master your semester with Scribd & The New York Times

Cancel anytime.