The Australia India Business Exchange launch today will strengthen the trade and investment relations between Australia and India (AIBX). The AIBX will bring market insights and connections to business enterprises in both countries to encourage business partnerships that will help create jobs and business opportunities in Australia and India.
AIBX, for example, will enable premium food, beverage, and consumer products suppliers in Australia to access e commerce channels to offer more access to our quality products to Indian consumers.
Supporting technology and service providers to develop partnerships and build robust supply chains for mining, resources, and infrastructure.
The flagship program of the Morrison Government to boost trade and investment with India was launched today by Minister for Trade, Tourism, and Investment Dan Tehan.
“The Australia India Business Exchange already has common values, interests, and histories, and will reinforce that friendship,” said Mr. Tehan. “AIBX offers the opportunity for a safer and prosperous Indo-Pacific to build on our close relationships among individuals and shared vision. AIBX provides the trust and ability of business owners to engage throughout both our market.” In 2019-20, India was the eighth-largest trading partner in Australia and the third-largest export services market. In 2019, the investment double-way stock amounted to $36.7 billion.
As part of the comprehensive strategic partnership and the government’s response to India’s economic strategy, AIBX delivers its commitments. The program 2021 will be overseen and includes virtual events, in-market activity, and online resources to support Australians and Indians throughout the business exchange by the Australian Trade and Investment Commission (Australia).
