Attacks on Indians Will Not Affect Trade: Australian Official, India Australia Trade, Attacks on Indian Students in Australia, India Australia Bilateral Trade

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SME Times News Bureau | 22 May, 2010
The attacks on Indian students will not affect India-Australia trade, a senior official said in Kolkata on Friday.

"These happenings would not cast any shadow on bilateral relations. Bilateral trade between the two countries is growing," Michael Carter, counsellor-commercial of the Australian Trade Commission, told reporters on the sidelines of a seminar.

Bilateral trade between the two countries in 2008-09 was Australian $21.7 billion.

In 2008-09, India organisations invested A$69 million in foreign direct investment in Australia.

Carter said Indian accumulated investment in Australia is to the tune of A$1 billion, of which 80 percent is invested in mining and rest in agri-business and information technology.

He informed that India ranks fourth in bilateral trade now and would soon take the third position.

The official said a few Australian companies were looking at investing in logistics chain in agri-business in Punjab, Haryana and Himachal Pradesh.

Carter said the country is now looking at setting up trade commissions in tier-II cities like Ahmedabad, Pune, Kochi, Jaipur and Chandigarh.

Many incidents of attacks on Indian students have been reported in Australia over the last few months. In January, an accounting student Nitin Garg was stabbed in a suburban Melbourne park when he was walking home at night after the end of his workshift at a fast-food restaurant.

Also, the recent killing of a three-year old boy Gurshan Singh Kaurchanna in a Melbourne suburb created a stir.