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 the 3-S of Scale, Skill and Speed, successful business ventures in India are characterised by either high-volume-low-margin or niche products or services.
The Australia-India Comprehensive Economic Cooperation Agreement will further deepen trade and investment relations between Queensland and India.
Engaging with India requires a 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.
PPP models are evolving with the advent of private participation particularly in telecoms and infrastructure.
E-Commerce is a rapid growth sector and e-learning industry is to reach US$1.29 billion by FY 2018.
India is poised to grow its economy with strong focus on modernisation, consumerism, skill and capacity building, and capability development, 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 & 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
- Renewable energy technology
- Water and environment
- Innovative programs
- digitalisation and schools outreach
- Infrastructure – interconnectivity
- Advanced health care, life sciences and tropical expertise
- Agriculture automation, storage
- Sports, tourism and mass transit