India Australia Strategic Alliance & India Business Consortium celebrate India Australia ECTA
On 24th April 2022, a dinner was facilitated by India Australia Strategic Alliance and organised by Indian Business Consortium in the honour of Hon’ble Former Australian Prime Mr. Tony Abbott and Hon’ble Former Canadian Prime Minister Mr. Stephen Harper. More than 150 top Indian and Australian entrepreneurs and business leaders joined this evening. Special guests Mr. Naveen Jindal (Chairman of Jindal Group) and Mr Manoj Tiwari (Member of Parliament) were also present. On 2nd April 2022, India and Australia signed a comprehensive interim free-trade agreement that permits zero duty trade on several items.
Largely, India imports key raw materials and intermediates from Australia and exports finished products. This unlocks huge opportunities for Indian exports of automobiles, textiles, footwears and leather products, gems and jewellery, toys and plastic products.
Hon’ble Mr Tony Abbott appreciated efforts done by both countries specially by Hon’ble PM Mr Narender Modi, Hon’ble PM Mr Scott Morrison, Hon’ble Commerce and industry minister Mr Piyush Goyal, Hon’ble minister for trade, tourism, and investment Mr Dan Tehan.
Hon’ble Mr. Abbott's role was to put oil in machinery to make it work. This relationship needs to be better developed. We need to replace China in the supply chain and India has a very sophisticated manufacturing base.
Hon’ble Mr Stephen Harper congratulated India and Australia on this historical achievement. He wished for a stronger India and Canada relationship.
This event was facilitated by Dr. Jagvinder Singh Virk (Chairman-India Australia strategic Alliance) and organised by founding members of Indian Business Consortium Mr. Pramod Sharma (Managing Trustee - Laxmi Narain Foundation, Founder & Promoter -UV Group (UVARC and UV Special Situation Fund), Dr Shanemeet Singh Sidhu (Economic advisor, Founder: Brain Tree IAS), Mr. Ramesh Chandra Agarwal (Managing Director - Mohani Tea), CA Rajesh Sharma (Former Central Council Member Of ICAI & ICSI, Former Director of BHEL), CA Ishant Juneja (Founder-Rrayze Business Solutions)
India Australia Strategic Alliance has a long, proud history of supporting India Australia Business.
Indian Business Consortium assists Indian entrepreneurs to explore synergies in various countries across the industries and sectors. Initiatives like these will play a huge role in taking India to the $5 Trillion economy mark.