The Australian government back in 2017 commissioned Mr Peter Varghese, the Chancellor of the University of Queensland, to lead the development of an independent report to the Australian Government on an India Economic Strategy. The conclusion derived from the report is that the potential of India-Australia trade relationship is not tapped to its full potential and potentially can increase by hundreds of billions of dollars. This has set the wheels in motions and the Australian government had already set its sights at 2035 to achieve that goal.

Coupled with that Due to the unprecedented economic repercussions of the COVID pandemic both countries are eager to kick start the economy and drive growth. Australia especially has never in the recent times seen economic decline of this magnitude, a point driven home by the fact that they even escaped the major effects of the 2008 market crash and were largely unscathed even then. A huge part of their immunity to market movements was largely because of the Chinese investments in the country which continued unabated. This time however Australia China relations are at an all-time low and Australia is looking to India fill the void. This comes as a huge opportunity for India and Indian companies to come in and capitalise on the same. We, as an association think we are the best placed to facilitate this because we have made significant inroads in the Australian market already and have a lot of interested and important people on board which includes a lot of VC’s, Government officials and Entrepreneurs.