India is the world’s largest democracy and Queensland’s fourth largest trading partner.
Predicted to be the third largest economy by 2030, India is undergoing major reforms and embracing pro-business policies to drive its large-scale development program.
Defined by scale, skill and speed, successful business ventures in India are characterised by either high-volume/low-margin or niche products or services.
Engaging with India requires long-term strategic focus and commitment.
Rapid urbanisation of 250 million people will change the market appetite for sophisticated goods and services in the next five years.
Public-private partnership models are evolving with the advent of private participation particularly in telecoms and infrastructure.
Ecommerce is a rapid growth sector and the e-learning industry is predicted to reach US$1.29 billion in FY2018/19.
India is poised to grow its economy with a strong focus on modernisation, consumerism, capability development, skill and capacity building, which bring significant opportunities for Queensland across diverse sectors.
- Coal – exports and energy in-market development
- Infrastructure – urban design, architecture, housing, precincts
- Education and skills training
- Horticulture, food and agricultural technology
- Mining equipment, technology services
- Innovation and research collaboration
- Business incubation hubs
- Sustainable food
- Professional services
- Education and training
- Research and development
- Sports, entertainment, health, infrastructure and services
- Renewal energy technology
- Franchising and services – food
- Water and environment
- Digitalisation and schools outreach
- Infrastructure – interconnectivity
- Advanced health care, life sciences and tropical expertise
- Agriculture automation, storage
- Sports, tourism and mass transit