The Government of the State of Victoria is taking action to double the value of Victoria’s annual goods exports to India to almost US$ one billion over the next decade. Recognising India’s economy as the third-largest and fastest growing on earth – the Victorian Government believes that a close bond with India will be beneficial for both economies.
Premier Daniel Andrews has unveiled Victoria’s India Strategy: Our Shared Future ahead of his first official visit to India this week.
The strategy is an ambitious blueprint aimed at growing exports to India, attracting more international students to enrol at Victoria’s world-leading education providers and encouraging more people from India to experience for themselves the best of everything a visit to Victoria can offer.
The strategy includes; increasing the trade between the two economies to almost US$ one billion by 2027; increasing the number of Indian postgraduate research students in Victoria by 25 per cent and increasing the exchange between educational institutes of both communities; doubling the number of Victorian businesses engaged in India from 150 to 300; increasing the cultural exchanges between both India and Victoria; increasing the number of Indian visitors to Victoria
Victoria’s world-renowned expertise in fields such as health, sport, tourism and education combined with India’s appetite to innovate and grow presents enormous opportunities for both the economies
Victoria’s India Strategy: Our Shared Future is the result of hundreds of hours of consultation with more than 200 partners, including senior representatives from community organisations, business, government and academic groups within the Australian Indian community.
Andrews said, “This blueprint is all about creating a close bond between India and Victoria and strengthening both cultural and trade links that will benefit both economies. We have a plan and we’re getting it done. Our tourism, international education, sport and cultural and innovation offerings are the envy of the world. We want India to experience for themselves the best of everything Victoria produces. We’ve worked closely with leaders and industry experts from the Australian Indian community on ways we can make our state’s bond with India even stronger.”
