“India has a very sophisticated manufacturing base,” said former Australian Prime Minister Tony Abbott, who was in Delhi to celebrate the recently signed India-Australia Economic Cooperation and Trade Agreement (ECTA).
Abbott was addressing the delegates at a special dinner organized by the India-Australia Strategic Alliance and Indian Business Consortium, the former PM praised India for its manufacturing capabilities. At the event top Indian and Australian entrepreneurs and business leaders joined. Special guests at the function included Naveen Jindal and Manoj Tiwari (MP), Dharmendrakumar Patel founder of Aussizz Group, who is part of the Australian delegation said, “Hon Tony Abbott raised very important points related to India’s relationship with Australia, especially the importance of Indian Diaspora in Australia which is playing an important role.” During the event, Abbott had a special mention of commerce minister Piyush Goyal and Dan Tehan, the trade and tourism minister of Australia. The trade agreement also unlocks huge opportunities for exports of automobiles, textiles, footwear and leather products, gems and jewelry, toys, and plastic products in India. Australia is the 17th largest trading partner of India and India is Australia’s 9th largest trading partner.
The event was facilitated by Dr. Jagvinder Singh Virk, Chairman of the India-Australia Strategic Alliance, and organized by members of the Indian Business Consortium. India Australia Strategic Alliance and Indian Business Consortium support India Australia business ventures, especially entrepreneurs interested in exploring synergies across multiple countries across industries and sectors.