NSW strengthens economic relationship with India

Published 9th January, 2015 in Infrastructure

NSW will strengthen its economic relationship with India by positioning itself as a global leader in infrastructure development, following the release of the NSW Government’s India strategy.

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NSW Premier Mike Baird released the strategy before departing Sydney on 9 January 2015 for his first official visit to India.

Mr Baird said the strategy focused on creating favourable conditions to increase trade with India into the future.

“We have strong cultural and historic links to India and we see India as a priority market for NSW business and investment,” Mr Baird said.

“Two-way trade between NSW and India was valued at $1.8 billion last financial year”.

Mr Baird said that NSW was an international leader in sustainable urban development and India was looking to the world for knowledge sharing and assistance as it rapidly develops.

“This strategy is focused on positioning NSW businesses to be ready to take advantage of opportunities arising under Prime Minister Narendra Modi’s trillion dollar investment plan,” Mr Baird said.

“Mr Modi has outlined a plan to build 100 smart cities and we see an opportunity to share our experiences to connect NSW businesses with any smart city project opportunities in India.

Priorities in the strategy include:

  • collaborating on world-class infrastructure
  • boosting education exchanges
  • increasing tourism in both directions
  • growing NSW exports to India.
Published 9th January, 2015 in Infrastructure