Redland City Council held a successful trade information session recently, outlining the opportunities for local businesses to expand into the Indian market.
Mayor Karen Williams said the Learn about Export and Trade Opportunities to India event attracted 30 participants from more than 10 local businesses.
“The diverse participation shows that Redlands Coast business owners are seeking opportunities such as this and underscores the broad appeal of India’s dynamic market, which encompasses a wide spectrum of industries,” Cr Williams said.
“The event demonstrates Council’s commitment to fostering local economic growth, promoting international collaboration and facilitating lucrative business opportunities for our local enterprises.
“Council understands that venturing into new markets can be both exciting and challenging and is committed to supporting local businesses on their journey to becoming ‘export ready’.
“We anticipate further discussions to capitalise on the success of this event and continue to pave the way for our local enterprises in the international arena.”
Deputy Mayor Julie Talty, who welcomed participants to the information session, said the decision to spotlight India was well-founded, following the Australia-India Economic Cooperation and Trade Agreement that took effect in December 2022.
“The agreement has boosted trade relations between our two nations, eliminating tariffs on more than 85 per cent of Australian exports to India,” Cr Talty said.
“This represents a remarkable opportunity for Redlands-based businesses, providing them with the potential to expand their global presence and foster growth on the international stage.”
The event featured Mr Abhinav Bhatia, Senior Trade and Investment Commissioner at Trade and Investment Queensland for South Asia (based in India), who shared his knowledge and experience regarding potential export, trade, and investment opportunities in India.
Building on the success of the information session, Redland City Council will lead a self-funded Redlands Coast trade delegation to Vibrant Gujarat Global Summit in India in January 2024.
Council is seeking expressions of interest from local businesses interested in joining the delegation and exploring export and investment opportunities in the Indian market.
For more information about the delegation, or to express your interest, email Redland City Council (Economic Development and Investment) at [email protected]
For more information on how Council supports businesses on Redlands Coast, visit the Business and investment page on Council’s website.