In Business

Victoria Premier Ted Baillieu

Premier Leads Trade Mission To India To Generate Jobs, Business Investment And Grow Exports

Victor P Taffa

Premier Ted Baillieu will lead Victoria’s largest-ever trade mission to India this week with more than 220 Victorian companies to boost Victoria’s two-way trade and investment partnership with Indian businesses and the Indian community.

Premier Baillieu said this trade mission would focus on Victoria’s strengths to generate more jobs for Victorians and substantial new export opportunities and investment for Victorian businesses.

“The program will also build on the strengths of the growing Indian community based in Victoria to further broaden cultural ties through tourism, film, education, sport and other linkages.” Premier Baillieu said.

“India’s rapid economic expansion which saw its GDP grow by 8.5 % in 2010-11 offers significant opportunities to grow Victoria’s trade and investment partnerships with India.”

“Victoria is not waiting, but doing everything in its power to capitalise on new opportunities in high growth markets, particularly India and China. There is extraordinary growth occurring and Victoria is moving quickly.”

“This is part of the Coalition Government’s economic strategy which has a major focus on trade engagement and expansion into new markets to create jobs and investment.”

“Victoria with its diverse economic strengths and strong multicultural base is extremely well placed to take advantage of growth in global markets, particularly Asia.” Premier Baillieu said.

The trade mission will include ten major sectors of the Victorian economy including automotive, aviation and aerospace, cleantech, education, food and beverage, ICT, life sciences, professional services, sustainable urban design and tourism.

Senior economic ministers will also attend the trade mission including Minister for Innovation, Services & Small Business and Tourism & Major Events, Louise Asher, Minister for Manufacturing, Exports & Trade, Richard Dalla-Riva, and Minister for Technology and for the Aviation Industry, Gordon Rich-Phillips.

“More than 300 company and institutional leaders will be a part of this trade mission.” Premier Baillieu said.

“They are leaders and innovators in their respective fields and about two-thirds of them will be discovering India as a new market for the first time.”

This mission will build on the successful trade mission to India involving 60 companies that were led in April this year by Minister for Innovation, Services and Small Business, Louise Asher. That trade mission is estimated to have generated more than $63 Million in new exports, $19 Million in capital investment and more than 500 jobs in Victoria.

The Super Trade Mission will engage with businesses in Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Ahmedabad and Pune from 21 to 26 February.

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