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Dear
Reader,
Greetings. Mining
has emerged as
one of the key
areas of collaboration
between India
and Australia
in recent years.
While India is
a country rich
in mineral resources,
Australia has
both resources
as well as the
state-of-the-art
mining technology
to take advantage
of them commercially.
In India, large-scale
mining is mainly
controlled by
the government.
In recent years,
the government
has opened the
mining sector
to private investment,
both domestic
and foreign. In
fact, it has allowed
Foreign Direct
Investment up
to 100 percent
in the mining
sector to help
the country exploit
its vast reserves
of coal, iron
ore, bauxite,
etc. Against this
backdrop, the
Confederation
of Indian Industry
(CII) is holding
a global mining
summit in Kolkata
in the first week
of November, to
show case investment
opportunities
in the mining
sector in this
country. The cover
story of the current
issue of Indo-Australian
Business highlights
the mining Summit
and its objectives.
The Mining Council
of Australia (MCA)
has been strongly
supportive of
a Free Trade Agreement
with India saying
that it will further
strengthen co-operation
between India
and Australia
in mining, which
is a key sector
of both their
economies. We
carry a submission
made by MCA in
this regard in
detail. The State-owned
Coal India Ltd
(CIL) supplies
more than 80 percent
of the coal required
by the country.
In an interview,
CIL Chairman Partha
Bhattacharya talks
about his company's
initiatives to
improve productivity
and efficiency.
The Foreign Ministers
of both India
and Australia
have agreed during
their recent meeting
in New Delhi that
a study on the
proposed Free
Trade Agreement
should be made
ready by year-end.
We carry a report.
Australian Prime
Minister Kevin
Rudd has recently
called for an
'Education Revolution'
in his country
in order to build
a world-class,
skilled workforce.
We carry Rudd's
inspiring speech
delivered at a
newspaper publishers'
conference in
Australia. India
offers a vast
market to many
Australian products.
But the exporters
from that country
have been advised
by Mike Moingard,
a senior official
of the Austrade,
to exercise patience
and more patience
in dealing with
Indian customers
in order to reap
rich dividends
in the long run.
We carry it as
a view point.
An Australian
company has patented
a wine can to
serve the appetizing
liquid, which
is now getting
popular with the
Indian hotel industry.
We carry the feature.
Then there is
plenty of news,
besides our regular
features.
Wish you happy
reading,
Satya
Swaroop
Managing Editor
satya@newmediacomm.biz |
