Premier returns to India for second official visit
Rajni Bakshi, Fellow, Gateway House, India, Mario Marconi, Managing Director, Head of Family Services, UBS, Switzerland, Bhagyashri Dengle, Executive Director, Plan India, India, Nikhilananda Saraswati, Spiritual Head, Chinmaya Mission New Delhi, Noida and Gurgaon, India and Barry O’Farrell, Premier of New South Wales and Minister for Western Sydney, Australia at the Cultural Economics in India session during the India Economic Summit 2011 in Mumbai, India, 12-14 November, 2011.
Premier Barry O’Farrell promised last year that he will be visiting India to help connect and form a strong relationship with India by making regular annual visits
Having explored possibilities in terms of bilateral relations in trade and other areas by going to India in November 2011, Premier is visiting India again today (Saturday 27 October) for his second official visit to the country.
During the one-week trade mission Mr O’Farrell will visit Mumbai, Hyderabad and New Delhi for meetings with senior Indian government officials, business leaders and investors.
“In India I will be reinforcing the message of my visit last year ”“ that NSW is open for business and our state is committed to a long-term, mutually beneficial relationship with India,” Mr O’Farrell said.
“Bilateral merchandise trade between India and NSW was valued at $1.93 billion in 2010-11, an increase of almost 96 per cent from five years earlier.
“I believe there are many opportunities for further growth.
“I will be building on the relationships established last year and promoting NSW’s infrastructure plan, our strengths in infrastructure and construction, education, mineral resources, financial services and ICT.
“I want to let potential investors know that NSW is a triple-A rated, stable destination for Indian investment with many opportunities across the state.
“During the mission, I will be working with 11 NSW companies and organisations to assist them in advancing their business interests in this vital market.
“India’s expanding middle class and rapidly urbanising cities also means there are opportunities for NSW businesses and institutions to meet the country’s demands for more products and services, especially in education, infrastructure and financial services.
“India is already the world’s 10th largest economy and is predicted to become the fifth largest by 2020 ”“ it’s a market of enormous opportunity and we must actively engage with it.
“This latest mission to India follows my successful visit to China in July and is part of the Government’s ongoing efforts to build productive relationships with key markets.”
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