AIBC explores opportunities for enhanced trade and investment

Brisbane, May 14 (Australia India News Newsdesk)

In a bid to bolster economic ties between Australia and India, the Australia India Business Council (AIBC) recently convened a meeting with Neetu Bhaagotiya and her team to discuss avenues for fostering trade and investment collaborations. Led by Nik Senapati, AIBC’s Queensland Chapter president, and Namrata Datt, Queensland Committee Member, the meeting delved into various initiatives aimed at strengthening the bilateral relationship.

Central to the discussion was the Australia India Economic Cooperation and Trade Agreement, along with anticipation surrounding the forthcoming Australia India Comprehensive Economic Cooperation Agreement. Additionally, participants explored the Queensland India Trade and Investment Strategy 2023-27, as well as other collaborative efforts by governmental bodies at both federal and state levels to catalyze partnerships.

Highlighting the significance of the Indian market, particularly in Queensland, where India stands as a major trading partner, the meeting underscored the substantial presence of Indian organizations within the state.

With an estimated Indian diaspora of around 130,000 individuals and counting, Queensland continues to witness a surge in economic and cultural exchanges between the two nations.

The AIBC, operating in close coordination with the High Commission of India in Canberra and the Indian Consulate Generals in Sydney, Melbourne, and Perth, plays a pivotal role in facilitating business-to-business engagements. With a new chapter of cooperation on the horizon, spurred by the establishment of the Consulate General in Brisbane, the AIBC aims to create a conducive environment for Australian and Indian enterprises to thrive and capitalize on emerging opportunities.