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National Industry Groups

The AICC National Industry Groups are focussed on key sectors identified in the India Economic Strategy (to 2035). With representatives from each state as well as from India, AICC National Industry Groups will address opportunities in sectors and key issues that can lead to successful commercial outcomes across both countries. See an overview of key sectors below.

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  • Agribusiness (Food & Beverage)

    Looking ahead to 2035, India presents a promising avenue for fostering growth within Australia's agribusiness sector, particularly in food and beverage. Despite India's emphasis on bolstering domestic production, the disparity between demand and supply is anticipated to widen in the coming years.

    Looking ahead to 2035, India presents a promising avenue for fostering growth within Australia’s agribusiness sector, particularly in food and beverage. Despite India’s emphasis on bolstering domestic production, the disparity between demand and supply is anticipated to widen in the coming years.

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  • Critical Minerals

    India has a growing demand for critical minerals that Australia holds in abundance such as lithium, coal, iron ore, copper, nickel, potash and phosphate. India could secure supply of resources or enter into agreements, equity participation, or joint ventures with companies engaged in exploration and mining of critical minerals.

    India and Australia have reached a major milestone in working towards investment in critical minerals projects to develop supply chains between the two countries.  Ministers from the two countries have also agreed to deepen cooperation and extend their existing commitments to the Australia-India Critical Minerals Investment Partnership.

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  • Space & Spatial

    In the digital era, economic prosperity, societal welfare, and national security hinge on adeptly harnessing complex data. Vital for crucial domains like land and water security, emergency management, and autonomous systems, space and spatial capabilities are pivotal. Australia's space and spatial sectors are on the brink of substantial expansion. Collaborative efforts between these closely aligned industries promise unprecedented benefits, amplifying their potential for transformative growth.

  • Education & Training

    With the largest tertiary age (18-22) population globally, India hopes to up-skill 400 million people by 2023. Demand for education spans every sector of India’s economy.

    Australia’s tertiary education industry is robust, with a curriculum designed to deliver graduates ready and capable to immediately join the skilled workforce. There is also an opportunity for the Australian Vocation Education & Skills sector outbound to India, workforce management inbound from India, as well as general employability training.

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  • Technology, Innovation & Startups

    India has been ranked the top innovation destination in Asia and is the world’s third largest destination for imported research and development. Innovation will be crucial to maintaining India’s projected economic growth over the next twenty years.

    Australian expertise in agritech, health, water management, energy efficiency, and renewables is highly valued in India’s growth plan, and Indian expertise in data analytics, biotech, and mobile applications will prove to be invaluable to Australian innovation as technology advances further into the information age over the next two decades.

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  • Financial Services (Fintech)

    Digital finance is expected to add $950 billion and 21 million jobs in India by 2025. India’s fintech industry is estimated to be valued at over $200 billion by 2025 and digital payments could surpass $1 trillion by 2030.

    There is boundless opportunity for Australian businesses to partner with India’s financial sector including in the general insurance and infrastructure segments as well as within niche markets that aren’t dominated by state ownership. Telecommunications, the high uptake of mobile phone use, digital payment systems and mutual funds are markets anticipated to escalate.

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  • Real Estate & Infrastructure

    To meet demand through to 2040, India will need investments of $6.3 trillion into infrastructure. Investment by Australian investors, superfunds and banks could be encouraged into India’s infrastructure projects.

    Further partnerships exist for Indian businesses to collaborate with Australian municipal bodies and companies to leverage off of Australia’s city planning expertise. Joint ventures could be increased between Indian infrastructure companies and their Australian counterparts.

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National Industry Group Convenors

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