The Mining India’s METS Opportunities report is an in-depth analysis prepared especially for Queensland mining, equipment, technology and services (METS) companies looking to engage with the Indian resource sector.
It’s the first in a series of international market reports designed to help Queensland businesses explore new markets and develop client relationships around the world.
TIQ CEO Virginia Greville said the report found that the Indian market has great potential for Queensland METS operators.
‘India’s mining sector has been described as a success story in waiting, and the Indian Government’s ambitious production targets for the industry mean countless opportunities exist for innovative and cost-effective mining equipment, technologies and services,’ Ms Greville said.
‘Queensland companies have an international reputation for innovation and technical excellence, delivering efficiencies, products and services that contribute to the safe and profitable exploration, extraction, handling, processing and refining of natural resources.
‘This report is designed to provide insights into international market opportunities for Queensland companies and to complement Queensland’s other resources aimed at helping companies export their goods and services to India.’
The new report also supports the Queensland–India trade and investment strategy, which TIQ is currently developing to address emerging opportunities and challenges.
India is the world’s fastest-growing large economy.
In 2017, Queensland sold more than $9.4 billion of goods to India, a 34% increase on the previous 12 months and more than 60% of Australia’s total exports to India.
The international market report and the Queensland–India strategy are both initiatives of the Advancing Trade and Investment – Queensland Trade and Investment Strategy 2017–2022.