AvidSys Group and Australia – India Trade relationship
Australia is world’s 14th largest economy with US$1.3 trillion nominal GDP and India is US$2.7 trillion economy and 3rd largest in world in PPP terms.
On launch of India government report led by Ambassador Anil Wadhwa, AvidSys Group Chairman, Ansh Gautam said,
“As AvidSys Group, we plan to support Australian and Indian government initiatives in all possible ways for our target industry sectors of Resources, Infrastructure and Technology. We intend to be the business catalyst required for both countries to bolster economic ties and a mutual economic growth.“
You can read both reports at links below:
Australia Government Economic report 2018/2019 – “An Indian Economic Strategy to 2035”
Indian Government reply December 2020 – “Australia Economic Strategy Report”.
Australian Department of Foreign Affairs and Trade (DFAT) report of 2018/2019 states – “Over the next 20 years, a growing India will need many of Australia’s goods and services — including in education, agriculture, energy, resources, tourism, healthcare, financial services, infrastructure, science and innovation, and sport.
There’s no single major market out to 2035 with more growth opportunities for Australian business than India.
Australia’s ties with India are long-standing and strong. What’s now needed is a step change in the economic partnership, led at the highest levels of government and business.
The India Economic Strategy is an ambitious plan to transform Australia’s economic partnership with India out to 2035. Getting the Strategy right will strengthen the resilience of the Australian economy and help realise India’s aspirations.”
Indian Government reply to Australian government report was released in December 2020. Led by Ambassador Anil Wadhwa, the report can be read at “Australia Economic Strategy Report”.