About AIBX
To help business leaders grasp new opportunities, Austrade is hosting a business mission to India from 26 to 30 September 2022, led by Austrade CEO Xavier Simonet. The mission will help you explore fast-changing markets, make valuable contacts and find potential partners. It will focus on 5 industry sectors:
Why India
India is now one of the biggest, long-term growth opportunities for Australian business. The Indian economy has grown by an average 5.5% p.a. over the past 10 years. This means the income of India’s 1.4 billion population is rising rapidly. There is fast-growing demand for new products and services in core sectors — including food, education and health.
Urban spaces are being transformed. The Indian Government has plans for scores of major infrastructure projects, including up to 100 new airports. Provincial governments want to develop new city concepts for the country’s aspirational middle class. Ministers want industry to embrace low-carbon initiatives.
Why now
The AI-ECTA deal signed in April gives Australian companies a headstart in Indian markets. By reducing tariffs and barriers to trade, AI-ECTA will improve two-way market access for Australian businesses. This comes as Indian markets become ever more open to overseas products, brands and services.
Today, the Australia-India relationship is at an historic high point. Since November 2021, the Australian Government has announced over A$280 million in new initiatives. Our goal: to build Australian-Indian relations into a key strategic partnership.
Who should participate
Austrade invites expressions of interest from CEO, Export Manager, VC, DVC level representatives from the following sectors. A maximum of 2 representatives per company will be permitted to attend.
Agribusiness and Food - Experienced Australian exporters in processed foods, horticulture, meat and wine.
Infrastructure, and the Built Environment - Australian exporters with capability in construction tech and proptech, digital buildings / IoT, logistics and parking technologies, environmental technology, big data and analytics, artificial intelligence, and machine learning.
Critical Minerals - Critical minerals mining companies that want to explore offtake contracts and investment opportunities; mining companies that want to explore the potential for collaborative prospecting or research; and mining tech suppliers that specialise in midstream processing technologies.
Digital Health - Potential exporters in multiple subsectors including remote care and monitoring, digital therapeutics and diagnostics, artificial intelligence, genomics, cyber security, e-prescriptions, telemedicine and electronic health records.
Education - University leaders interested in TNE, edtech and skills training; institutions and edtech companies that are looking for new partners/investors; Australian peak bodies with an interest in vocational education and training in India; and school boards that may want to set up Australian school curricular in India.
Technology and Innovation - Scaleups who want to expand into India; established tech firms who want to export to India; tech firms looking for talent and new technologies.
For more information
For more information on commercial opportunities in India: Update to the India Economic Strategy to 2035