Category Business and Trade

Australian ruling party okays uranium export to India

0 Comments read Business and Trade, Nuclear Disarmament

By Neena Bhandari

Sydney, 5.12.2011 (Business Standard): The ruling Australian Labor Party’s national conference on Sunday voted by a very narrow margin to overturn its long-standing policy banning uranium sales to India.

Till now, party policy dictated that uranium could only be sold to countries signatory to the Nuclear Non-proliferation Treaty (NPT), which has not. Prime Minister Julia Gillard urged delegates to support the motion, emphasising it would boost trade and enhance the bilateral relationship.

The PM’s motion was finally endorsed by a 206-185 split, revealing deep dissensions even among ministers in the Gillard government. So much so that when the chair ruled the motion passed, a recount was called, as many couldn’t believe the outcome.

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Textile & handicraft, the untapped trade potential Down Under

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By Neena Bhandari

Sydney, 25.11.2011 (Business Standard): Australia is emerging as an important market for Indian textiles and handicrafts. To capitalise on this untapped bilateral trade potential, as many as 60 Indian businesses showcased some of the finest wares at the three-day Australian International Sourcing Fair held from November 22-24 at the Sydney Convention and Exhibition Centre here.

“Brand India’s aim is to introduce or re-acquaint the Australian textile, fashion and design industry to what India has to offer in terms of creativity, quality, variety, flexibility and timeliness,” said Siddhartha Rajagopal, executive director, The Cotton Textiles Export Promotion Council of India (TEXPROCIL).

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Adani seeks nod for Australian coal export project

0 Comments read Business and Trade

By Neena Bhandari

Sydney, 18.11.2011 (Business Standard): Adani Mining Pvt Ltd has applied for regulatory approval for a new coal terminal at Abbot Point in the state of Queensland, which would potentially raise total coal export from the port by 70 per cent.

Adani said the project would create jobs and stimulate the local economy, while the mined coal would be exported to India for the power sector.

“Adani Mining is planning a large coal mining project with allied infrastructure, the Carmichael coal mine and rail project, with a planned 60-mtpa (million tonner per annum) peak production in 2022. For evacuation of our coal volume, we are exploring various port options, including a greenfield (new) terminal at Dudgeon Point and also the possibility of expansion of the Abbot Point Coal Terminal,” said Harsh V Mishra, president, corporate planning, for the Ahmedabad-headquarterd Adani Group.

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