India needs to focus on Australian markets as there is significant potential for collaboration between the two economies, according to Simon Johnson, regional director (India), Western Australia trade office. | |
| Johnson was speaking at a meeting organised by the Federation of Andhra Pradesh Chambers of Commerce and Industry (Fapcci) in Hyderabad. |
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| "Indian corporates have invested A$1 billion in Western Australia. The trade between the two countries is in the ratio of 1:6 in favour of Australia. India, therefore, should start focusing on Australian markets," he added. |
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| According to Johnson, while India is the fourth largest export market for Western Australia, it is the 27th largest import source. |
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| "We, therefore, encourage Indian companies to look at Australian markets," he added. |
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| B Shankar, chairman of foreign trade committee at Fapcci, said that merchandise exports to India by Australia were valued at A$5.4 billion last year of the total trade in goods and services worth A$7.4 billion. |
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