The Economic Times reports that the Indian government predicts that India will be amongst the top 5 Pharma Innovation Hubs by 2020.
Read the story here:
http://economictimes.indiatimes.com/News/News-By-Industry/Healthcare–Biotech/India-to-be-amongst-top-five-pharma-innovation-hubs-by-2020/articleshow/4260711.cms
The following is from the Australia India Business Council NSW, Resources and Mining Industry Chapter March 2009 Newsletter:
Dear Members,
Welcome to the first monthly newsletter from the AIBC, NSW Resources and Mining Chapter. It will contain links to recent press and inform you of upcoming events. I hope you find this of interest.
Recent News
PricewaterhouseCoopers Melbourne Institute [...]
Strong collaboration with India exemplifies Australia’s commitment to boosting collective outcomes for the growing Asia-Pacific biotechnology network, writes AusBiotech’s Anna Lavelle.
Australian tourists are flocking to India in unprecedented numbers, with tourism now standing as India’s number one export downunder. It’s a big country, but Shamoli Dutt of India Tourism and Trade Information highlights three destinations to whet the traveller’s appetite.
It gives me great pleasure to introduce India, as a destination for trade and investment, to readers of the second edition of the Australia India Business Council’s publication, Australia India Business.
The Australia-India partnership has come a long way since I contributed to the first edition of this publication 12 months ago. Our businesses have grown [...]
India’s economic growth story is nothing short of breathtaking. With a burgeoning middle class fuelling a projected four-fold increase in the country’s consumer market by 2025, Indians are joining the global workforce in annual numbers comparable to Australia’s entire population. And according to the Confederation of Indian Industry (CII), the opportunities for foreign businesses are just as big.
According to Peter Linford, Australia’s Senior Trade Commissioner in South Asia, the strengthening trade and investment relationship between Australia and India is well placed to withstand the global financial crisis.
The Australia India Business Council (AIBC) has been building business links between the two countries for more than 20 years.
India’s rapid growth and increasingly outward-looking economy are opening up opportunities for Australian companies in virtually every sector. Both governments identify a number of industry sectors, including mining and resources, infrastructure, energy, information and communications technology, services, agriculture, education and biotechnology. Small to mediumsized enterprises are also making their mark, in areas from legal services, water and environment management services, tourism, food and wine.
India Resources Ltd (IRL) – is a young company, set up in 2006, listed on the Australian Stock Exchange (ASX) in June 2007. It is the first foreign mining company to get a mine into production in India since nationalisation in the early 1970s. India is prospective for minerals and growing fast, hence it will need a viable home-grown mining industry. However exploration has been neglected over the last 50 years and the Indian Government is now changing their laws to attract foreign investment. As the first successful mine operator IRL is uniquely positioned to take advantage of the many opportunities that will arise.
