Textile & handicraft, the untapped trade potential Down Under

25/11/2011 0 Comments read Business and Trade

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

18/11/2011 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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Australian PM’s move on Uranium welcomed

17/11/2011 0 Comments read Business and Trade

By Neena Bhandari

Sydney, 17.11.2011 (Business Standard): The Australia India Business Council (AIBC) has welcomed Prime Minister Julia Gillard’s support for uranium exports to India, a move that has boosted optimism across the sector here.

“The ability for India to generate the power needed to support its rapidly growing economy is reliant on safe and secure access to nuclear power. With Australia holding a significant share of the world’s uranium reserves, it represents an important opportunity for trade that can be managed, given appropriate levels of transparency,” said Arun Sharma, national chairman of AIBC, which this year celebrates 25 years of promoting trade and business relations between the two countries. Continue reading →