Posted on 23. Sep, 2010 in Victoria

A new international trade plan will help to create more Victorian jobs by supporting local businesses to tap into new and emerging opportunities in India, one of the world’s largest and fastest growing economies.

The Premier John Brumby today launched the Engaging IndiaVictoria’s Plan to Build Trade, Investment and Collaboration with India plan and said it would boost Victorian industry and trade jobs by helping companies seize opportunities in India.

“Victoria’s multiculturalism is one of our greatest social, cultural and economic assets – we have a skilled and globally orientated workforce and a diverse and vibrant culture,” Mr Brumby said.

“Victoria and India enjoy a long-standing relationship based on mutual respect and common interests and this plan is about building on those strong business and community links to drive more jobs, opportunities and business growth for our State.

Engaging India is the first dedicated Indian trade strategy and outlines key actions to drive the close business and cultural relationships between Victoria and India to create new jobs and build on our reputation as a leading destination for international education and business investment.”

Engaging India sets out actions to boost trade in Victoria’s key strength areas including information and communication technology (ICT), biotechnology, urban development, freight and logistics, aviation and aerospace, tourism, education and professional and financial services.

“By focussing on these industries in key Indian regions such as Mumbai, Delhi and Bangalore, we will see more Victorian companies exporting goods and services, more investment in our State which means more jobs for Victorian families,” Mr Brumby said.

Key actions in Engaging India include:

  • A super trade mission of 200 Victorian companies anticipated to generate an additional $60 million in exports;
  • A preparatory program for Victorian businesses looking to work within Indian markets for the first time;
  • A strategic partnership with Austrade in India to share information about potential investments and opportunities;
  • A $1 million Engaging India program to provide grants to programs to support greater community, cultural and artistic exchange between India and Victoria;
  • An annual Premier’s India Forum to bring together community and business leaders to discuss key issues;
  • Agreements with Indian states backed by an  ongoing exchange program to promote public sector capability building;
  • A scheme to host visits by selected Indian trading partners, investors and buyers; and
  • A new partnership between the Victorian Government and the University of Melbourne to establish a Chair in Contemporary Indian Studies at the Australian India Institute to strengthen relations between Victoria and India.

Industry and Trade Minister Jacinta Allan said Engaging India was part of the Brumby Labor Government’s commitment to position Victorian businesses and industry to capitalise on global business opportunities to create jobs for Victorian families.

“Victoria’s exports are worth over $31 billion so it’s vital to Victorian jobs we continue to develop new ways of helping exporters grow their businesses,” Ms Allan said.

“The plan launched today is in addition to our Opening Doors to Export plan that is helping Victorian businesses to pursue emerging export opportunities.

“Victoria is among the world’s leading destinations for rapidly expanding knowledge based industries such as biotechnology and design and information technology. Our strengths provide a strong base for an economic relationship with India.

“This plan is driving new investment by Indian firms in Victoria and creating more opportunities for Victorian businesses in India in the future.”

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