The launch of a new Rajasthan water and resources centre, appointment of an in-market SA wine expert and a partnership agreement between SA firm Supashock and an Indian automotive company are among results of the latest SA business mission to the region.
Led by Investment and Trade Minister Martin Hamilton-Smith, 50 delegates took part in meetings and business events in Mumbai, Delhi, Jaipur and Bengaluru last week.
The delegation’s areas of focus included key trade sectors - higher education and skills training, premium food, wine and beverages, defence and advanced manufacturing, health, water and environment management, culture, tourism and arts.
The Rajasthan Centre of Excellence in Water and Resources Management was a major highlight. The Centre will create investment in, and access to, SA water research, policy and technical capabilities in groundwater research, managed aquifer recharge, water quality management services and agricultural reform.
Tied to this, SA based water treatment company Hydro-dis delivered a water treatment pilot project to prove its technology.
Strengthening defence manufacturing ties, a new partnership between SA suspension maker Supashock and an Indian automotive manufacturer was signed last week. Supashock will design and develop prototype suspension technology to be trialled by the manufacturer.
In a further boost for SA wine exports to the region, an in-market wine professional has been appointed to build awareness and educate the market through the Wine Education Program.
India is the state’s fourth largest trading partner, with two-way trade valued at AUD$1.12 billion in 2016.
Latest trade figures show that in the 12 months to September 2017, the value of South Australia’s goods exports to India totalled $945 million. This was an increase of 55 per cent or $334 million on the previous twelve months.
Recognising the importance of the Indian region, the South Australia – India Engagement Strategy is a 10-year plan to grow strategic partnerships with India through investment, trade and business, education, sport, culture, the arts and sciences, and exchanging people, skills and ideas.
Quotes attributable to Investment and Trade Minister Martin Hamilton-Smith
We want India to be a part of South Australia’s future growth, and we want to be a part of India’s. Engaging with India will create further opportunities to access new markets and enable SA businesses to remain globally competitive.
Business missions are part of what’s proven to be a successful set of export policies. Our work with Adelaide Airport to attract more international airlines and larger aircraft to SA has seen fisheries and produce exports up 50 per cent over two years.
In 2017 a record number of businesses have taken part in business missions to the Middle East, South East Asia, Europe, India and China. New markets were targeted in Scandinavia and the USA, and there has been additional focus on France from a defence perspective.
The number of exporting businesses has grown by more than 200 in the last couple of years; value and volume of exports are up and the outlook is very bright.
More than 72,000 SA jobs are now linked to export activity. That’s a big win for SA families.