Queensland companies with expertise in the aged care industry spent last week in China exploring new business opportunities.

The Australian Silver Industry Group – a Queensland-based consortium of an initial 7 companies – was in China from 6–14 July for a trade mission organised by TIQ.

TIQ CEO Virginia Greville said China presented enormous opportunities for Australian companies in the aged-care sector, from the design, construction and operation of senior-living facilities to technology-enabled health care services.

‘With an estimated population of over 400 million people aged over 65 in China by 2050, the Chinese Government has embarked on a program of rapid transformation of its aged-care industry,’ Ms Greville said.

‘This consortium, the first of its kind in Australia, is well placed to capitalise on these changes and to leverage the unique advantage presented by the China Australia Free Trade Agreement.

‘The companies taking part have significant international business experience and success, but individually their competitiveness has been constrained by the breadth and scale of capability required for large projects.

‘For this reason, TIQ encouraged the formation of this consortium to provide a unified Queensland export offering of diversified expertise and capabilities that we believe will greatly improve our chances of winning business in China.’

The consortium has been established as an initiative of the Queensland Trade and Investment Strategy 2017–2022.

Members of the Australian Silver Industry Group are:

The delegation was following up on interest generated during Trade 2018 events organised by TIQ in conjunction with the Gold Coast 2018 Commonwealth Games in April.