FROM THE PRESIDENT

Dear Members,

As we embark on a new chapter in the Indo-Australian business relationship, I am filled with optimism and enthusiasm for the opportunities that lie ahead. The recent momentum in bilateral trade between India and Australia has created a fertile ground for businesses to thrive and expand.

The current Economic Cooperation and Trade Agreement (ECTA) between our two nations has set the stage for a highly anticipated FTA - Free Trade Agreement that will set a gold standard in bilateral relations. This agreement, along with other bilateral initiatives, has created an unprecedented momentum in the constantly improving economic ties and opened new avenues for trade and investment. The buoyancy in trade is evident from the significant increase in trade volumes over the past few years, with Australia-India trade in goods and services witnessing a compounded annual growth rate of over 12.5%.

The Indo Australian Chambers of Commerce has been at the forefront of facilitating these multiple business opportunities. Our platform, under the guidance of the Australian High Commission, has created an environment for better business and government interactions, access to various industry segments, and development of trade and investment. We have launched various regional chapters focusing on themes such as education, IT, agribusiness, manufacturing, science, and technology. This agreement will provide a robust framework for businesses to explore new markets, collaborate on innovative projects, and leverage the strengths of both nations.

I encourage all members to take advantage of the current momentum and explore the myriad opportunities available. Whether it is through joint ventures, strategic partnerships, or direct investments, the time is ripe to capitalize on the growing economic relationship between India and Australia.

I would like to extend my heartfelt thanks to our members, stakeholders, and government representatives for their continued support and patronage. Together, we can build a prosperous future for both our nations.

Warm regards,

Gaven Standon

President, Indo-Australian Chambers of Commerce.