South Australia’s export of almonds, beans, oranges, wines, lentils, pulses, several processed agro foods, sheep meat, etc. to India has grown 200% since the Australia-India Economic Cooperation and Trade Agreement (ECTA) came into effect a year ago.
This was revealed by Nick Champion, Minister for Trade & Investment – South Australia, on his recent six-day visit to India.
Mr Champion told The Hindu that the state was focussing on exporting products such as food and wine.
“South Australia has been witnessing growing import demand for lentils, pulses and certain other food items following the zero-tariff rate India introduced last year, resulting in food, wine and agribusiness sector exports to India growing more than 200% in the 12 months until September 2023.”
The minister added:
“Above all these, India is a fast-growing market for premium agri products, food items and high-value wines with consumers’ disposable incomes on the rise.”
During this tour, Mr Champion met with his counterpart in Karnataka. He also had meetings with BigBasket, TCS, Wipro, Tata Electronics, Infosys, HCLTech, TechMahindra, and various start-ups focused on defence and aerospace sectors.
The minister also facilitated a special partnership between South Australian space-tech start up, HEX20 and Indian space-tech start-up AstroGate Labs.
India is South Australia’s fifth-largest export market, with exports worth AUD 1.1 billion of goods over the last 12 months.
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