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Premier to boost trade, cultural ties with India

Published 14th April, 2018

Strengthening trade and promoting cultural ties with the world’s fastest growing economy will be the priority of Premier Gladys Berejiklian’s trade mission to India next week.

Ms Berejiklian said her four-day mission will focus on opening doors for NSW industries and businesses with India and will include high-level meetings with Indian business and government officials.

“Over the last five years India has been the fastest growing inbound tourism market for NSW, but we need to work to ensure we continue to attract Indian tourists,” Ms Berejiklian said.

“India has enormous projected GDP growth of 7.4 per cent for 2018 and I want the people of NSW to benefit from this significant and sustained progress.

“There are more than 200,000 people of Indian ancestry in NSW. The Indian community is an important part of our multicultural society and I look forward to building on our already strong cultural links.

“I also look forward to building on our collaboration in sectors such as technology, film and education to benefit NSW industries and businesses.”

The rapid growth of the Indian economy presents scope for NSW to increase trade and investment both to and from India.

Goods trade between NSW and India totaled $3.9 billion in 2016-17, comprising of $1.9 billion in exports and $2 billion in imports. Agricultural exports from NSW grew almost 200 per cent year on year to $759 million during this period.

The Premier will be in Mumbai and New Delhi from April 16 to 19.

Published 14th April, 2018
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