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India and Australia must work together to improve supply chain resilience and increase engagement in the Indo-Pacific region – Shri Piyush Goyal

Published: September 28, 2021
Author: Manali bhanushali
The role of the Australia-India Business Champions Group has become extremely important because it provides a platform for greater engagement between policymakers in India and Australia at an opportune time when India is celebrating 75 years of independence through the Azaadi Ka Amrit Mahotsav campaign. Both countries are committed to a long-term recovery from the COVID-19 crisis, and it is critical to maintain the pace for rebuilding and reconstructing the economy by focusing on increasing export potential.
The Minister of Commerce & Industry, Hon’ble Piyush Goyal said that India and Australia must work towards enhancing the resilience of supply chains and greater engagement in the Indo- Pacific region. He mentioned that a plethora of reform measures such as the operationalisation of the National Single Window System are being undertaken for creating a conducive environment for the industry. The Business Champions of this group will play a major role in enhancing, deepening, and leveraging on the strong India-Australia ties.
India would like to partner with Australia, one of our key trading partners for seamless integration into the Global Value Chains (GVCs). Our focus would be to chart a course for ensuring effective usage of the huge entrepreneurial talent and developing a domestic market. The key goal must be to strengthen international supply chains, and fully capitalize on the currently favourable geopolitical phenomenon.
The Australia-India Business Champions Group’s key aim is to liberalise and deepen bilateral trade between both the nations. Hon’ble Dan Tehan MP, Minister of Trade, Tourism and Investment, Government of Australia stated that India has become an important and relevant partner for Australia’s economic strategy. CII Director General affirmed that CII is fully committed to the business engagement of India and Australia.
The Inaugural Meeting of the Australia India Business Champions witnessed participants from across Industry, multilateral organisations, academia, and media, among others. Ms Jennifer Westacott AO, CEO, BCA highlighted that we must strengthen and reform regional and global institutions, so they deliver for our citizens. She appreciated this forum as it offers the value proposition for the Business Champions to engage directly with the top tier of Australian and Indian Governments.

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