Union Minister PiyushGoyal calls on Australian businesses to invest in India. Drawing on the similarities between the two countries, Goyal said India and Australia love sports, both of which are national in nature and have adopted a democratic framework.
India-Australia Trade Agreement
India and Australia have signed a trade agreement aimed at reducing import duties on many goods. Calling the agreement “historic”, Australian Trade Minister Dan Tehan said it would continue to strengthen ties between the two countries. This agreement is very important as it will make Australia’s exports to India cheaper and will create greater new opportunities for workers and businesses.
The Minister of Trade and Industry, PiyushGoyal, said the agreement was beneficial to both countries with Australian raw materials and the quality of finished Indian goods.
Speaking to the business community:
• The Trade Minister of the Union speaking to the Australian business community at the Melbourne Cricket Ground touched on co-operation between the two countries.
• Piyushgoel said “India provides a market for 1.4 billion consumers in Australian businesses.” And in this difficult time in our relationship, I think we should just break all the barriers between the two countries whether it is the movement of goods, services, people, technology, education, science, medical knowledge, we break all these barriers, see how we can work together as true brothers, ”he said. .
• Number of sectors in which investment and employment are available, PiyushGoyal said, there are many opportunities for textile, pharmacy, travel, heritage and jewelry, IT, Startups etc., and Accountancy in Services.
Open a large market:
Shri Goyal said India and Australia have a partnership that can benefit both countries, – India’s largest market and Australia’s surplus investor. The India-Australia Economic Cooperation and Trade Agreement (IndAus ECTA) will open up a huge market for nearly 1.4 billion consumers in India to Australia industries.
Partnerships and Scope
Shri Goyal said Let’s see some Tasmania lobsters in New Delhi possibly, or wine from South Australia landing on Indian shelves, we will probably have more Bangalore people coming to Melbourne to help you in your IT area.
we will have many jewelers from the home country of the Prime Minister in Gujarat, from Surat down to sell their goods in Australia, lots to do together, many opportunities in different places.
“I am pleased that we have been able to resolve the pending issue regarding the taxation of the IT industry which has delayed big business with Australia. That is behind us, there are many opportunities, ”he said.
Keynote conversation with business leaders:
Shri Goyal called the IndAus ECTA an important milestone that will contribute to the widespread development of economic value chains in many sectors. Shri Goyal said India under the leadership of Prime Minister Narendra Modi has taken a few bold steps since 2014 in the context of Easy of Living and Easy Doing of Doing Business to ensure a better quality of life for all.
“We believe that when the people of India have a better quality of basic services, they will be able to make a significant contribution to the Indian economy, and the next phase, obviously, as a necessity, will need to provide economic growth, you will need to provide jobs. There will be millions, hundreds of millions who will own their first cars, there will be hundreds of millions who want to buy a dishwasher, a washing machine, there will be hundreds of millions who will be looking for nutritious food, a better standard of health care. , a better quality of education, ”said Shri Goyal.
The India-Australia Economic Cooperation and Trade Agreement can actually have a profound impact on the lives of the people of India and at the same time provide great opportunities for the Australian people, through co-operation, to meet the needs and aspirations of this billion and people, ”he added.
Recommend PM leadership:
Praising the leadership of Prime Minister Narendra Modi and Scott Morrison, Shri Goyal said the role of the Prime Minister of Australia and the Special Envoy of the Australian Prime Minister for Trade, Mr Tony Abbott and the Australian Minister of Trade, Mr. a trade agreement between the two nations.
“The world is going through a difficult time, we have been facing Covid and other issues that cause concern for all of us, but in those troubled borders, I think, (the fact that) India and Australia have shown unity, unity of purpose and shared commitment, expanding our people “We have expanded our business through business partnerships, and strengthened the political relations of our two leaders and the two governments,” he said.
Cricketer of Honor:
Earlier, he conveyed words of condolence to the family and friends of the cricketer. Passing a tribute to veteran cricketer Shane Warne from Melbourne, the Minister said he had people who had served him in India and that millions of cricket fans were mourning. the sudden death of the ‘King of Spin’.
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