Home / Knowledge / News / Textiles / Kamal Nath & Warren Truss address India-Australia JBC

Kamal Nath & Warren Truss address India-Australia JBC

Mar '07
India and Australia have agreed to substantially enhance bilateral trade and investment flows, while noting the increasingly diverse and substantial nature of the bilateral trade and economic relationship.

his is indicated in the agreed minutes of the 10th India-Australia Joint Ministerial Commission (JMC) meeting which was signed here last night by Shri Kamal Nath, Minister of Commerce & Industry, and Mr. Warren Truss, Minister for Trade of Australia, who is heading the largest-ever Australian business delegation to India.

Both the Ministers expressed satisfaction at the rapid escalation in bilateral goods and services trade between India and Australia and the significant increase in the commercial presence of Indian and Australian companies in each others markets. Indo-Australian trade registered record increase from just US $ 1.4 billion in 2000-01 to US $ 5.7 billion in 2005-06. (Of this, India's exports to Australia were valued at 0.8 billion and Australia's exports to India were US $ 4.9 billion).

Hailing India's emergence as Australia's fastest growing trading partner, Mr. Truss said “India is the new kid on the block and everyone is interested”. Shri G.K. Pillai, Commerce Secretary; Dr. Ajay Dua, Secretary (DIPP); Shri P.K. Dash, Joint Secretary dealing with Australia and members of delegations from both sides were present on the occasion of the signing.

Addressing the 16th Meeting of India-Australia Joint Business Council this morning, Shri Kamal Nath said he was happy to note that as of now more than 17 Australian companies were engaged in business process outsourcing (BPO) in India led by Telstra, Australia's largest telecommunications carrier and a number of Australian banks were also buying the Indian talent story.

Must ReadView All

Pic: Marek Uliasz | Dreamstime.com

Textiles | On 29th Nov 2021

New variant heightens global economic uncertainty

Just as everyone thought that things are slowly moving back to...

Pic: Pawel Pszczola | Dreamstime.com

Textiles | On 29th Nov 2021

Chinese factories to get uninterrupted power supply in winter: NDRC

Factories in China are likely to get an uninterrupted power supply...

Pic: Andy Nowack | Dreamstime.com

Textiles | On 29th Nov 2021

US textile & apparel exports up 20.15% in Jan-Sept 2021

The exports of textile and apparel from United States increased by...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Liquidity is a primary issue in Indian context

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Klaus Bergmann,

Klaus Bergmann

German company Erbatech GmbH develops, designs and manufactures high end...

Nantas Montonati,

Nantas Montonati

The Riri Group is a one-stop supplier of metal accessories for the luxury...

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Silke Brand-Kirsch, Glatfelter

Silke Brand-Kirsch

Glatfelter is a leading global supplier of engineered materials. <b>Silke...

Shaan Sethi, Jaanuu

Shaan Sethi

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Anjali Bhaskar, Samatvam

Anjali Bhaskar

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

November 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search