India is the world’s largest democracy and Queensland’s fourth-largest trading partner.
Predicted to be the world’s third-largest economy by 2030, India is undergoing major reforms and embracing pro-business policies to drive its large-scale development program.
Characterised by scale, skill and speed (the ‘3S’ approach), successful business ventures in India are typically either high-volume/low-margin or provide niche products or services.
Engaging with India requires a long-term strategic focus and commitment.
Rapid urbanisation of 300 million people by 2050 will change the Indian market’s appetite for sophisticated goods and services in the next 5 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 set to grow to US$2 billion by 2021.
India is poised to grow its economy, with a strong focus on modernisation, consumerism, capability development, and skill and capacity building, which bring significant opportunities for Queensland across diverse sectors.
- Coal – both exports and energy development in-market
- Infrastructure – urban design, architecture, housing, precincts
- Education and skills training
- Processed food, horticulture and agricultural technology
- Mining equipment, technology and services
- ICT- and health-focused innovation and research collaborations
- Business incubation hubs
- Sustainable food
- Professional services
- Education and training
- Research and development
- Sports, entertainment, health, infrastructure and services
- Renewable 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