Australia to invest $100 billion in India soon

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She added that Australia had been offering assistance in the Smart City Project in the country, especially in Tamil Nadu.

A cultural show, stalls and delegates at GIM in Chennai Trade Centre, on Friday. (Photo: DC )

Chennai: Australian Consul General in Chennai Susan Grace has said that the country proposed to invest $100 billion in India in the coming years.

Addressing the media on the sidelines of the second edition of TN Global Investors Meet 2019 on Wednesday, she said that Australia proposed to increase commercial relations with India.

She said of the country’s investment, Tamil Nadu would receive a large chunk of the funds. Last year, state health minister C. Vijay Baskar had visited the country and met health sector officials.

Australia has the best health care facility in the world. It will offer assistance to the state in trauma care service, which will help the state in reducing the number of deaths in accidents. Tamil Nadu will emulate the Trauma Care services offered in Australia, Grace said.

She said Australia had one of the best education systems in world. More than 70,000 students were pursuing various courses in educational institutions in Australia. The country is also known for vocational courses and students from India can benefit from these courses.

She added that Australia had been offering assistance in the Smart City Project in the country, especially in Tamil Nadu.

A press statement said that Tamil Nadu was a priority state for Australia’s India economic strategy and a powerhouse state for the Indian economy. The state presented many opportunities in various sectors, including manufacturing, infrastructure, education, energy and agri-business, for Australian companies.

Australia set an ambitious target for India, aiming to bring India into its top three export markets by 2035 and for India to become its third largest destination in Asia.

GIM presents a platform for Australian companies to explore trade and business opportunities and to broaden their footprint in the state.

More than 50 Australian companies are providing employment opportunities to 1,000 people.

Among others Munish Sharma, Australian Trade Commissioner in Chennai, participated in the meeting. 

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