India Market Update Roadshow 2024
Austrade presents the India Market Update Roadshow.
The India Market Update Roadshow 2024 is a great opportunity to
- increase market literacy about the opportunities in India – world’s fastest-growing major economy and expected to be the world's third-largest economy by 2030.
- share the successes achieved in Australia-India trade relations, marking two years since the signing of the Australia-India Economic Cooperation Trade Agreement (ECTA).
This event is part of the Australian Government’s extended Australia India Business Exchange (AIBX) program.
Austrade is delivering the roadshow in eight Australian cities, involving a total of 22 sessions across 4 priority sectors, with upcoming sessions scheduled between 19 November – 6 December 2024.
The roadshow comprises of market briefing events, panel discussions, industry partner and peer-to-peer events, targeting Australian businesses in these priority sectors:
- Agrifood
- Critical and Enabling Technology
- Education and Skills (concluded in October)
- Green Economy
These sessions highlight improved market access for Australian businesses, including the upcoming further reduction in tariffs under ECTA that will take effect on 1 January 2025, and the significant economic opportunities available to them in India.
For complete program schedule, please view the program here.
Why India
India is Australia’s fourth-largest export market and our fifth largest trading partner with two-way trade totalling A$49 billion, and is now one of the biggest, long-term growth opportunities for Australian businesses.
Australian businesses can now take advantage of the Australia-India Economic Cooperation and Trade Agreement (ECTA), which entered into force on 29 December 2022.
Over 85 per cent of Australian goods exports by value to India are now tariff free, rising to 90 per cent by 1 January 2026, with high tariffs being reduced progressively on certain agricultural goods.
Full advantage of AI-ECTA is likely to boost two-way trade to A$100 billion over the next couple of years, if not earlier.
“The new trade agreement has been fantastic because it reduced our export costs. When you reduce your export costs it increases your sales, and dealing with India… The relationship between India and Australia… the people just want Australian-made”. – CEO, Trakblaze Australia (Section: 2:04 – 2:20 from the video case study).
More success stories are listed below.
Who should participate
For the upcoming sessions scheduled between 19 November - 6 December 2024, Austrade invites expressions of interest from CEOs, Export Managers, and senior executives from the sectors below. Austrade industry experts from the market will share insights and discuss specific opportunities to grow your business in the region.
- Agrifood – Experienced Australian exporters in cotton, wool, grain, horticulture, infant nutrition products and ingredients, seafood, sheep meat, and wine.
- Critical and Enabling Technologies – Scaleups and exporters of Australian technology and services in FinTech, MedTech, cybersecurity, and digital technologies.
- Green Economy – Australian exporters in METS, critical minerals and battery storage.
Participation in the roadshow is limited and subject to availability and the outcome of the EOI process. Please note that open EOI registration is not available for all sessions and sectors.
ECTA Success Stories:
- New access for Australian Hass avocados to India | Austrade
- Avocados Australia is growing exports in the ripe direction | Austrade
- Opportunities for Australian sheep meat exports to India | Austrade
- Tassal reels in export success thanks to trade agreement with India | Austrade
- End of 30% India tariff boosts prospects for Australian lamb exporter | Austrade
- Trade agreement helps Marquis Macadamias crack the Indian market | Austrade
- Trade agreement helps South Australian winemaker export to India | Austrade
For more information on commercial opportunities in India: Update to the India Economic Strategy to 2035
Register your interest today
