India is the world’s largest democracy and Queensland’s fourth largest trading partner.

Economy

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.

Trade

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.

Solar farm in India

India opportunities

CurrentMid termLong term

Current

  • 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

Mid term

  • Sustainable food
  • Professional services
  • Education and training
  • Research and development
  • Sports, entertainment, health, infrastructure and services
  • Renewal energy technology
  • Franchising and services – food

Long term

  • 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

Sector opportunities in India

The world’s largest workforce with 30% aged 10-25

Education & Training

The world’s largest workforce with 30% aged 10-252 , the National Skill Development Mission plans to train 400 million Indians by 20223 . Training opportunities exist in hospitality, sports, retail, mining, construction, and research in higher education, skills hubs, government agencies, and curriculum development.

Target of 1 billion tonnes of coal by 2020

Mining & Resources

India has the fifth largest coal reserves in the world in addition to other minerals like chromite, iron ore, bauxite and manganese ore.

Opportunities exist for Queensland’s mining technology and services companies to provide technical expertise, mine safety, training, equipment and technical collaboration.

$1 billion US for smart practice and smart living

Urban development & services

The Indian Government’s US$1 billion for urban rejuvenation and $84 million for habitation and development of 100 smart cities6 create opportunities to provide urban design, architecture and technologies solutions targeting 2nd and 3rd tier cities.

Relevant library resources Complete library

India market overview

India market overview

February 15, 2017

Export market overview and commissioner profile in India

View this resource

Commissioner’s intel: How to take your business to India

View the videos below, and hear from TIQ’s Trade and Investment Commissioner Sandra Diethelm as she speaks of the opportunities in India .

Sandra Diethelm: Business trends in India: Emerging opportunities in the market

Sandra Diethelm: How to take your business to India: Tips for entering the market

Sandra Diethelm: Practical tips: Hands on advice for doing business in India

Sandra Diethelm: Doing business with India? Learn how TIQ can assist