The Indo-Australian free trade agreement is likely to be signed by end December.
"The long standing ties between South Australia and India are very crucial given the kind of expertise both of us have across various sectors," South Australia's trade and investment minister Martin Hamilton-Smith told PTI here.
"As both the economies are poised to grow, we expect to collaborate with India in various fields such as energy, education, water management, mining services, defence and aerospace, among others," he said.
"India is a key country for South Australia when it comes to trade. Our exports to India include mainly minerals and services like education and intellectual property across various sectors. On the other hand, India's expertise in construction is key for our growth," he added.
In 2011, South Australia exported AUD712 million worth goods and services to India while its imports stood at AUD 132 million. India is currently South Australia's fourth largest export market.
The minister said since education is particularly important to India and South Australia, the state has built a partnership in this area. This will underpin the role of higher education in India continuing growth and development.
"Besides, we also have huge iron ore (magnetite, haematite), copper, gold, silver deposits apart from coal-to-liquids and heavy minerals, which we can offer to India," he added.
South Australia which is the fourth largest province of the Down Under, is known for its wide wilderness, and long coastline lined by the sheer cliffs of the Great Australian Bight, the empty expanse of the Nullarbor Plains and the vast, inhospitable Outback desert, apart from vineyards, getting it's the nickname of the Wine State.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
