Parliamentary Secretary to the Minister for Foreign Affairs and the Minister for Trade and Investment, the Hon Steven Ciobo MP, will lead a business delegation to the rapidly growing South Indian regional hub of Hyderabad, and visit Mumbai, the financial, commercial and economic capital of India, from 24-26 June.
“The economic relationship between Australia and India has vast potential and negotiating a strong, high quality Comprehensive Economic Cooperation Agreement by the end of 2015 to unlock this potential is our number one economic priority,” Mr Ciobo said.
In Hyderabad, Mr Ciobo will meet with the Chief Ministers of Andhra Pradesh and Telangana, as well as business leaders, to explore avenues for greater commercial engagement. He will also address a Confederation of Indian Industry regional business event.
“I am visiting Hyderabad to showcase Australia’s capabilities in infrastructure, health and tropical medical services to meet the economic development priorities of this dynamic, progressive and business-friendly region of South India,” he said.
In Mumbai, Mr Ciobo will advance our economic diplomacy objectives in India and consolidate Australia’s linkages with Maharashtra, which remains one of the economic powerhouses of India, with a population of over 100 million.
“Australia has a strong relationship with Maharashtra state, particularly in the insurance, financial and education sectors,” Mr Ciobo said. “Deepening our linkages and creating further opportunities for Australian investment and business there is a key priority.”
India is Australia’s 12th largest trading partner. In 2014, Indian foreign investment into Australia reached $11 billion, with $9.8 billion in Australian investment in India.
- Parliamentary Secretary's Office: (02) 6277 2330
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