Australian investors have lined up investments to
the tune of $4.5 billion in India in the coming years,
Aminur Rahman, consul general and trade commissioner
of Australia in India, said.
companies have already invested over $1 billion into
India and the new investments would make the country
the fourth largest investor in India , up from seventh,
the diplomat said during an interactive session organised
trade between two countries has crossed $10 billion
and was expected to double in the next three years.
Australia opened its consulate general office in Chennai
five months ago, as bilateral trade increased, especially
from South India, and also to give a focussed attention
to the region, Rahman said.
agriculture sector in India can capitalises on the Australian
post harvest technology and highly sophisticated farm
management system to bring down the losses, which were
30 to 40 per cent.
reducing the post-harvest losses, India can become self-sufficient
in the sector, Rahman said, adding Australia was recognised
as having one of the most sophisticated agri business
in the world because of its strict quarantine and inspection