Huge scope for Indo-Australian trade expansion

Hyderabad: The diverse supply base of Australia in sectors such as food and beverages, consumer goods and IT and communications will permit for significant bilateral investments between Australia and India. The current investment between the two nations was over $1 billion from each side. There is still huge scope for expansion in investment and trade. The Indo-Australian trade stood at $10 billion in the last fiscal. The centre would offer consulting services to the traders and exporters on various aspects of trade regulations. The fundamental target is to cut down the transaction costs for the exporters and provide a pool of relevant data for exports in all key sectors.