O’Farrell will visit Delhi, Ahmedabad and Mumbai where he will meet senior government representatives and existing and potential business partners.
“This visit, my third since I became Premier of NSW in March 2011, reaffirms the importance that NSW places on our strong relationship with India,” O’Farrell said.
“India is a priority market for NSW and a key source of trade and investment, and a major source of skilled migrants.
“I will reinforce my message that NSW is open and ready for business with India."
“NSW and India already have a strong bilateral business relationship but I believe there are many more opportunities for growth," O’Farrell said.
“Bilateral merchandise trade between NSW and India was valued at AUSD1.8 billion in 2012-13, an increase of 50 per cent since 2007-08.
“NSW and India have ambitious infrastructure programs, with the Indian Government aiming for more than USUSD1 trillion in infrastructure investment in 2012-17.
“NSW has strong infrastructure services capabilities which could support the delivery of India’s planned infrastructure projects," he said.
“My visit also reaffirms our strong friendship with India, which was highlighted in November when NSW hosted the Regional Pravasi Bharatiya Divas (Overseas Indians Day) – the first time this event has been held in Australia.
“In 2012–13, India was Australia’s largest source of permanent and skilled migrants and the Indian community is the fourth-largest migrant community in our country.
“India is NSW’s second largest source of international students, with almost 11,300 Indian student enrolments in NSW in 2012.”
O’Farrell is scheduled to address several high-level industry and investor groups focusing on opportunities in financial services, infrastructure, clean technology and tourism.
“I will also meet the Chief Minister of Maharashtra State, Mr Prithviraj Chavan, to discuss the next stages of the NSW-Maharashtra sister-state memorandum of understanding (MOU).
“Our MoU with Maharashtra is an important step forward in the relationship between our two economies,” O’Farrell said.
--IBNS (Posted on 02-12-2013)