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LVB gears to become a financial supermarket Adding Zest to Scooty Focus on self-certification and third party inspection Creating Tamil Nadu Banana brand Hero Motocorp - smooth ride IFCI to raise NCDs upto Rs 2000 crore ECGC expands operations Indigo stays leader with 40 per cent share Economic, business and social sustainability Make way for the new and dynamic railways More gensets and diesel engines from TAFE Research needs more funding Nothing to hide... Chennai Port is at last decongested! Brand leaders come forward... Smart controls for cooling large multi-zone spaces ... People Flow Day- Safety TOP 10 CEO Compensation Time to fast-pace the logistics sector Chola MS net crosses 100 crores Chennai to get a roundabout Metro Pharma market dozes WABCO’s second Chennai plant TII-challenging year with flat growth Celebration time at MS Chola Celebrating 180 years of relevance TCS’ revenues cross Rs 100,000 crore Investor friendly Japan The new look- 4s Verna Towards peace of mind Housing Innovation Challenge, 2015 Curbing steel imports will hurt small business... STFC raises money AirAsia India infuses funds to fight out competition Sun Edison launches solar pumps Veritas Finance- financing the unfinanced An American alliance in the chemical industry? SumInfra- corridor based development... Purdue and IIT-M sign the dotted line Chennai will soon get its World Trade Centre Techies trip to India Need to focus on ease of doing business... An aerospace-defence cluster in Tamil Nadu… Four daughters and a proud father Ridley marathon to India Industry-well poised to invest on expansion European crisis is a global crisis! Murugappa- a year of consolidation OBO Bettermann for better lightning protection Gem of social service... Apple maps – finding its way Changing dynamics in human resource management Economic issues take a back seat at G20 summit Connecting the unconnected Downsizing spree... When Centre visits the state Realty sector takes a break... Reality bytes Business Breif Applauding enterprise... TN budget pragmatic and moderate on fiscal deficit Schwing Stetter India joins hands with US-based Gomaco Airlines wage price war Holiday Inn opens in OMR Chennai TiE applauds innovative entrepreneurs Blue Star plans a new plant in south Waste, a gold mine Carrefour’s quick exit ISRO's 100th mission Indian Bank – global businesses crosses Rs 3 lakh crore... ALL-two launches in a row TVS Logistics – another acquisition to sharpen the business model Realising double digit growth in Tamil Nadu Inclusive and forward moving... A global plastic event in India - Hyundai excites again Dynamic e-commerce scenario Tata Steel commence operations at Kalinganagar Backpack laboratory Is Indian telecom industry heading for a monopoly? World labour laws at a glance Rating of states to be released soon TII’s single largest investment at Thiruthani Auto test tracks launched at GARC Oragadam campus Big-ticket investments march towards Punjab CUB: towards card-less withdrawal Climate change may change the way businesses work... ALL – truck industry is recovering from degrowth On the ‘milky’ way Striking cords for 25 years… Secured NCDs from Shriram City Automotive Vision Plan II... Flexible labour laws… Durga - India’s largest blast furnace; now operational Illicit markets a concern to growing economy Scoot offers just Rs.13,500 to ANZ... Placing the right shoe forward... Nigeria comes nearer Three more leather clusters… Business Briefs Chola MS launches motor app Well-refined – RIL’s refinery margins zoom ALL to launch electric busses Strategy war escalates between Hero and Honda Bridging the skill deficit in pharma industry Digital retail transactions stabilise at higher level… BRICS development bank Innovation that helped Chennai port Steel loses its sheen
 
Striking cords for 25 years…

The Indo-Australian Chamber of Commerce celebrated 25 years of trade relations with India. Julie Bishop, Minister for Foreign Affairs, Australia signalled smooth bilateral relations with India.

“The silver jubilee of the chamber comes in the background of an extra ordinary momentum in Indo Australian relations. The reciprocal visits of Prime Minister Narendra Modi as well as Prime Minister Tony Abbott and the success of Australia Business Week in India held in January 2015 have added positive momentum to the relationship,” said G R K Reddy, President, Indo-Australian Chamber of Commerce.

C Sarat Chandran, Director of the Chamber, gave an overview of the chamber’s work. “Trade between the two nations has shifted from commodities to services which accounts to about 70 per cent,” he said.

There are now 2100 Australian companies doing business in India and a majority of them are small & medium enterprises. Indo-Australian trade is now decisively evolving into a new architecture. The weakest link in India’s exports to Australia is merchandise. The chamber has been doing research on what constitutes the failure of Indian exports to make an impact in Australia. Performances of 45 Indian companies that export to Australia have been investigated. A major reason for the rejects was packaging!

Minister Bishop  said that the Australian government has concluded trade agreements with China, Japan and South Korea.

“About 63,000 Indian students enroll for Masters and various other degree programmes in Australian universities. In similar way, the Australian government is providing internship opportunities, which involves visiting India for Australian under-graduate students in Australia.

The internship opportunity is part of a new Colombo Plan,” Bishop explained.  She also said that the energy needs in India are quite high and Australia is ready to assist India. 

 

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