Search Result for : India Australia Trade

PTI  India and Australia failed to make a headway in finalising the long-overdue free trade deal during Prime Minister Malcolm Turnbull's first visit to India though he got along well with his counterpart Narendra Modi, the Australian media revealed. Turnbull's trip had raised high hopes of breathing new life into the stalled trade negotiations but the two leaders admitted that the progress was "very slow". The Australian PM said there was no point in setting arbitrary time frames for the agreement. "You can sign an agreement any time, it’s a question of whether it’s got the provisions that make it valuable and worthwhile from Australia's point of view," Turnbull was quoted as saying by Skynews TV channel. The two covered a ...

The Dollar Business Bureau Australian President Malcom Turnbull is scheduled to make his first visit to India this Sunday. Accompanied by Simon Birmingham, Education and Training Minister, Turnbull's visit will focus on energy security for India's fast-growing economy, cooperation on education and trade. In his address, Malcom stressed that Australia could be of significant assistance to India in the areas of nuclear, natural gas, clean coal and renewable energy, by providing access to advanced technology. "With converging political, economic and strategic interests, we will use the meeting to strengthen our relationship even further for the benefit of both nations," Turnbull said, talking about opportunities that India's impressive growth rate would present for the close alliance between India and Australia. Adding to it, the President, while giving a speech at the ...

The Dollar Business Bureau A group of eminent Australians on Thursday requested India’s Adani Enterprises Ltd. to discontinue its mega coal mine project close to the Great Barrier Reef, warning the project could damage India-Australia ties. The controversial $16 billion (Aus $21.7 billion) Carmichael mine is scheduled to commence construction this year after Australian and Queensland state governments permitted it to go ahead with the project. The project, however, still faces multiple legal challenges. Australian businessman and environmentalist Geoffrey Cousins has reportedly written a letter to Adani chairman Gautam Adani, urging him to abandon this project. Several prominent Australians including Pulitzer Prize-winning author Geraldine Brooks, former Australian Test cricket captains Greg and Ian Chappell, Australian-based British comedian Ben Elton and rock group Midnight Oil ...

The Dollar Business Bureau The Australian High Commissioner Harinder Sidhu pitched for strengthening economic cooperation with India. Addressing the media after the Confederation of Indian Industries (CII) meeting in Chandigarh on Monday, Harinder stressed that both countries can work together in several sectors such as dairy, scientific research, sports, agriculture and education. India is the ninth largest trading partner and the fifth biggest export market of Australia. The bilateral trade between both the countries has touched Australian $20 billion (roughly around $15 bn) last year. Though these numbers are good, there is still scope for further growth with better economic relations. Mentioning that the bilateral trade between Australia and China is ten times more than its trade with India, she said that the economic relationship ...

By Ahmad Shariq Khan Anuj Dayal the Executive Director of DMRC in an exclusive interview with Ahmad Shariq Khan, The Dollar Business, talks about the journey of DMRC, its challenges in constructing over 200 kms of Metro lines in Delhi in record time, the Make in India initiative and how the mammoth project influenced him to pen down a management manual that could be useful for future planners. 1. The Delhi Metro Rail Corporation (DMRC) began its journey in the late 1990s, and since then has connected Delhi with the National Capital Region, spanning 213 km across the region. How do you see the journey so far? Tell us about your priority for DMRC. Ans: The journey so far has been exciting ...

The Dollar Business Bureau Adani looks forward to boosting its Carmichael Mine project in Australia as the company has received all environmental clearances and other necessary approvals, Harinder Sidhu, Australian high commissioner to India said. “The Adani investment proposal has now got the environmental approvals. It has everything it needs now. The way is now clear for Adani,” Sidhu said. In February, the Queensland state had approved Adani’s $16-billion coal mine project in the Galilee Basin. Referring to the proposed India-Australia Comprehensive Economic Cooperation Agreement (CECA), Sidhu said, “Although the negotiations are at an advanced stage, it will not be feasible to commit to a timeline as to when it will be concluded because she is representing a care-taker government.” ...

Source: PTI Showcasing significant investment opportunities in manufacturing and infrastructure sector, Finance Minister Arun Jaitley has invited Australian businesses to come and invest in India as he wraps up his four-day visit to the Asia Pacific country. During his visit, Jaitley met Prime Minister Malcolm Turnbull, Energy Minister Josh Frydenberg, Treasurer Scott Morrison, Finance Minister Mathias Cormann and several other top dignitaries and business leaders of Australia. On his first day in Sydney, Jaitley inaugurated 'Make in India' conference where he strongly pitched for foreign investments in India, especially in the area of manufacturing and infrastructure. In Canberra, he met Turnbull and discussed trade and bilateral issues of the two nations. He also invited Turnbull to visit India. Here, the finance minister also attended a ...

Source: PTI  India needs to further ease its business processes to boost investments, Finance Minister Arun Jaitley said on Tuesday while inviting foreign sovereign wealth funds to be part of the country's infrastructure, pension and insurance funds. Jaitely also assured investors in Sydney that the government has resolved various legacy issues with regard to taxation and is gradually working to bring down the corporate tax rates to the global level of 25% from 30% currently. Jaitley admitted that the country has been impacted by global trade shrinkages, but said that various reform measures including opening up of sectors to greater FDI have ensured a high GDP growth of over 7.5%. Terming 'ease of doing business' in India as an "important work ...