India Overview & Insights · 2019-10-18 · Overview & Insights. Introducing Michelle Wade Trade...
Transcript of India Overview & Insights · 2019-10-18 · Overview & Insights. Introducing Michelle Wade Trade...
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IndiaOverview & Insights
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Introducing
Michelle WadeTrade Commissioner for Victoria to South Asia
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Agenda
• Global Victoria Team in India• Introduction to India• Recent Economic Developments – A Rapidly Changing Landscape• Victoria’s India Strategy• Focus Regions• Focus Sectors and Trends• Forthcoming Activities• Doing Business Advice• Q&A
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Global Victoria’s India Team
Abhishek PadwalSenior Manager - Trade
Jay Singh DikhitManager - Investment
Mumbai Office
Michelle WadeCommissioner for Victoria to
South Asia
Gopi ShankarDirector - Trade & Industry
Surjith SinghDirector - Operations
Annie Helen SanthanaRegional Director - Education
Vidyanand SagaramDirector - Strategic Projects
Bangalore Office
Indira PonnappaExecutive Assistant to the Commissioner
Sriram KasthuriDirector - Investment
Arif BasherManager - Trade
Anita KumariTrade Manager (Education)
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1.3 Bn
2.9 Mn Km2
US$ 2.8 Tr
US$ 2,135
Population
Land
GDP
25.5 Mn
7.7 Mn Km2
US$ 1.5 Tr
US$ 59,655GDPper capita
India Key Statistics
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Indian Economy
77th
Ease of Doing Business
5th
Largest Economy
in the World
6.6%Fastest Growing Economy
RCEPProposed FTA Negotiations
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Victoria’s India Strategy
• Launched 2018• 10 year strategy• Nearing end of first three years of
delivery• Celebrates and deepens our
relationship• Increased profile, increased visits,
increased understanding
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Our FocusRegions
1
2
3 6
5
7
4Mumbai(Bombay)
Bengaluru(Bangalore)
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50,000 students per year
Post grad focus and EdTech
Education
Urbanisation solutionsEnvironment, water and
architecture/project management
Liveability
Supply of goods, services, education, tech collaboration
Health & Well-being
Solutions targeting high performance and
professional leagues
Sports
Victoria’s Focus Sectors and Trends
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Still nicheRequires staying
power
Food & Beverage
Victoria is #1 destination
Growing rapidly despite few direct
flights
Visitor Economy
Major Indian IT companies are key
investors in Victoria
Investment
Victoria’s Focus Sectors and Trends
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74.3 83.8 103.0 117.5144.5
172.6180 193
249298
376543
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100
200
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400
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20
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2013 2014 2015 2016 2017 2018
Growth of Indian Overnight Visitorsand Visitor Expenditure in Victoria
Tourism
Visitors ‘000sExpenditure AUD$Mn
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Outbound MissionsMar 2020, Women’s T20
Inbound MissionsOct 2019, IMARCOct-Nov 2019, AusBiotechNov 2019, WECMar 2020, VAMFF May 2020, Craft Beers & SpiritsSep 2020 Global Table
Other ActivitiesFeb 2020, Wine Tasting
Forthcoming Activities
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Be cautious and confident
Consider partners on capability not
on connections Services - check visas, tax rules, be prepared to scale up, invest in good local staff (and retention)
Be prepared for requests at late notice; 24/7 culture
Be prepared to negotiateResearch the
market properly
Goods - investigate labelling, registration, customs carefully, set realistic sales targets
Market Entry Advice
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4Ps of Doing Business in India
Presence Persistence Partnership Passion
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India
Thank you