Monday, August 15, 2022

$2 billion export opportunity in Australia opens

The MVIRDC World Trade Center Mumbai with signed an MoU with an Indo-Australian body

PRAVASISAMWAD.COM

India’s micro, small and medium enterprises (MSMEs) will now have the option to explore more than $2 billion in new export opportunities in Australia. This has happened with the signing of a MoU by MVIRDC World Trade Center Mumbai with an Indo-Australian body.

“This opportunity lies in sectors such as auto, auto-components, pharmaceuticals, gems and jewellery, insecticides, textile, chemicals, rice, shrimp, footwear etc. This MoU will act as the catalyst for accelerating trade between India and Australia in these sectors, besides others, and will encourage Indian MSMEs to explore Australia as the key export destination,” said Jagvinder Singh Virk, Chairman of the India Australia Strategic Alliance (IASA), in a statement.

Rupa Naik, Executive Director MVIRDC World Trade Center Mumbai extended an invitation to Australian business delegates to participate in WTC Mumbai’s flagship Trade Show ‘Connect India 2022’ which will further improve the business relations. Connect India is set to start virtually on August 1, 2022 and is a digital platform to help Indian companies to connectglobally

Virk is leading a business delegation from Australia to promote bilateral trade and investment, was speaking at an interactive session after signing the MOU between IASA and MVIRDC World Trade Center Mumbai and the All India Associaition of Industries.

Eric Abetz, former Senator for Tasmania in Australia, said, “Today, Indians have become the largest migrant population in Australia. There should be no limitation to India- Australia co-operation. Australia is willing to cooperate with India in the field of education, healthcare and knowledge transfers.”

Rupa Naik, Executive Director MVIRDC World Trade Center Mumbai extended an invitation to Australian business delegates to participate in WTC Mumbai’s flagship Trade Show ‘Connect India 2022’ which will further improve the business relations. Connect India is set to start virtually on August 1, 2022 and is a digital platform to help Indian companies to connectglobally.

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Tirthankar Ghosh
Tirthankar Ghosh is a senior journalist and presently Managing Editor, Newsline Publications. He has also been writing for well over 15 years for the New York-based Air Cargo News Flying Typers.

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