Chennai: The economy of South Australia is in a major transformation, and its premier Mr Mike Rann asked Indian companies to infuse more in the region. Like India, South Australia''s economy is gaining pace with more than $45-billion worth projects underway or in the pipeline, with mining and defence leading the way. The Olympic Dam mine will be the world''s biggest uranium mine and the fourth biggest copper mine, he said at a meeting organised by the Southern India Chamber of Commerce and Industry. Reliance Industries has joined hands with a local company for oil and gas. It has also inked a uranium exploration farm-in and heads of joint venture agreement with Uranium Exploration Australia Ltd. Mr Rann is leading a 10-day trade mission to India promoting investment, education and migration. The delegation of more than 25 business, education and Government representatives visited New Delhi, Bangalore and Hyderabad, and will also be in Mumbai.
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