Australian Innovation Showcase to take largest-ever group of researchers and to India

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Three-year initiative to show the Australian government is committed to demonstrating that Australia, and Australian companies and institutions, are open for business especially across Asia

The Australian Trade Commission, in association with the Indo-Australian Chamber of Commerce, organised a seminar on “Setting up an Indian IT Business in Australia” on 21 November, in Chennai.

This was part of the Australian Government’s “Australian Innovation Showcase India 2013”, a month-long series of events and opportunities to interact with an exclusive group of Australia’s leading industry, research and technology experts.

The Australian Innovation Showcase 2013 is a three-year Austrade initiative to position Australia as a source of world class research and technology across India.

The Showcase will bring the largest-ever group of Australian researchers and academics to visit India. It will also demonstrate Australia’s world class research, innovation and technological credentials to leading figures within industry in India.

The Australian Government is committed to demonstrating that Australia, and Australian companies and institutions, are open for business especially across Asia.

It will highlight Australian research and technology in knowledge-based industries where Australia has a competitive world class offering including information technology, biotechnology and life-sciences, materials science for advanced manufacturing and energy efficiency.

Establishing strong links in technology and commercialisation will provide mutual benefit to Australia and India. Australian research needs partners to commercialise and a path to the global market. Indian companies need to enhance the competitiveness of their indigenous industries to build on their increasing global success.

Hugh Durrant-Whyte, CEO of National ICT Australia (NICTA), presented an overview on Australia’s capabilities in the ICT segment.

Durrant-Whyte identified resources, agriculture and infrastructure services as some of the sectors of comparative advantage in IT applications, which provide tremendous opportunities in Australia.

“ICT projects are delivering over $3 billion per year impact on Australia’s GDP and the Australian Government is investing up to $43 billion over 8 years as part of country’s National Broadband Network,” said Durrant-Whyte.

Increasing relationships through technology collaboration and using these ties to access the large and fast growing markets of Asia will help Australian companies to position themselves for future business success.

Stuart Campbell, acting Consul General for South India, observed that the total market value of the ICT sector in Australia is in excess of $131 billion by revenue, and in the five years to 2010, its annual growth rate averaged 8.5 percent, outstripping the USA, UK, Japan, South Korea and Taiwan.

Business Head – APAC, Sundaram Business Services, S Renganathan, shared a case study on his company’s successful venture into the Australian market, and how the company has now grown as a leading BPO company in the financial services segment.

In his concluding remarks, C. Sarat Chandran, Director of the Chamber observed, “Mobile technology, online education and social media are emerging as powerful connecting links between India and Australia.”

Secretary of the Chamber, P Gopalakrishna, proposed the vote of thanks.

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