Australian keen on JVs in India’s health, energy and finance sectors

Australia’s Minister for Trade and Investment Andrew Robb has said India presents some “great” prospects for Australian businesses on account of a huge market of 1.2 billion people. “We expect the opportunity for those things that we are good at. We expect the opportunity to be able to come in and compete and to offer. In a lot of cases that would involve doing Joint Ventures (JV's) as there are a lot of local issues that need to be understood and the best way to do that is to find a good and trustworthy JV partner,” he added. 

When asked about the sectors, Robb said: “We expect to compete in the healthcare, education, financial services; and with world class services, including resources and energy space.” He also said Australia was looking to a red-tape free investment climate and a clarity on policy issues. “And in many cases, I think we will bring IP (intellectual property) that will be valuable to India and in many cases we will gain IP that will be an advantage to Australia.”