AMMA Mining Oil and Gas Jobs Home | Blog | AMMA | Contact Us
Mining Jobs
Mining & MetalsOil, Gas & EnergyConstructionLife in AustraliaCareer ResourcesTraining & Development

You are here: Home /
SHARE
RSS FEEDS
Get our blog delivered to your inbox


Recent Blog Posts

Rio to approve $US1b South of Embley project
Monadelphous has won a $200 million Shell contract on its Prelude floating LNG project
New Nickel Mine
AMMA miningoilandgasjobs.com Resource Industry Market Outlook
New Uranium Jobs

Post Archives

December 2015(0)
November 2015(3)
September 2015(3)
July 2015(0)
August 2015(3)
June 2015(3)
May 2015(3)
April 2015(5)
March 2015(4)
February 2015(4)
February 2015(0)
October 2015(0)
January 2015(2)
December 2014(3)
November 2014(3)
October 2014(9)
September 2014(7)
August 2014(8)
July 2014(8)
June 2014(7)
May 2014(9)
April 2014(10)
March 2014(10)
February 2014(9)
January 2014(7)
December 2013(7)
November 2013(12)
October 2013(11)
September 2013(9)
August 2013(14)
July 2013(19)
June 2013(16)
May 2013(12)
April 2013(9)
March 2013(11)
February 2013(12)
January 2013(13)
December 2012(16)
November 2012(22)
October 2012(21)
September 2012(20)
August 2012(25)
July 2012(31)
June 2012(31)
May 2012(31)
April 2012(30)
March 2012(31)
February 2012(29)
January 2012(30)
December 2011(31)
November 2011(30)
October 2011(30)
September 2011(30)
August 2011(3)

Blog Tags

Australian-Life (66)
AWRA (30)
Career-resources (196)
Construction (123)
Diversity (51)
Energy (169)
Job-seekers (452)
Mining (457)
Oil-and-gas (325)
Recruitment (65)
Training-and-Development (121)

Is India the New China?

Posted: 30/06/2015 11:34:32 AM by Mining Oil and Gas Jobs
Filed under: Mining, Oil-and-gas, Energy


This week Laura Gunnis the miningoilandgasjobs.com spokesperson on international business commented in a media interview that Australian and Indian business leaders need to get behind both the Australian and Indian government to develop an ambitious and forward looking free-trade agreement by the end of the year. Gunnis said the Australian government should be applauded for signing its bilateral trade deal with China this year in a deal that will benefit both countries into the next century.

This year the Australian Trade Minister Andrew Robb is in New Delhi for the third time for discussions on the Comprehensive Economic Co-operation Agreement. This agreement had in principle agreement between Australian Prime Minister Tony Abbott and Indian Prime Minister Narendra Modi last November and the agreement itself was to be finalised before 2016.

Mr Robb met with his counterpart, Nirmala Sitharaman, on Monday and yesterday attended the “reinvigorated” Australia India CEO Forum, co-chaired by Rio Tinto chief Sam Walsh and Gautam Adani, the Indian industrialist best known in Australia for his controversial $14 billion Queensland Galillee Basin coalmine, rail and port project. Mr Walsh said both countries’ business communities recognised the importance of a strong free-trade agreement that delivered tangible benefits and removed roadblocks to greater two-way investment.

Sam Walsh said “There is a lot of work to do but in the coming months we need both governments to remain bold and ambitious in their approach to the CECA” He added “We want to do this properly and comprehensively. It’s a tight time frame but Minister Robb has proven he is up to the challenge and the Indian government is sending all the right signals under Prime Minister Modi.”

Minister Robb led a 450 member Australian business delegation to India in the first quarter of this year. Mr Walsh warned the delegation in January that business success in India did not come easily or quickly.

Rio Tinto has encountered many bureaucratic hurdles over the last twenty years in India negotiating to bring on line a $2 billion iron ore mining project in Orissa and a $500 million diamond mine in Madhya Pradesh.

Yesterday, an upbeat Mr Walsh said “I am confident the stars are aligned between the governments'
key negotiating focus and what business leaders wanted to see from the agreement. The deal between the two countries will focus primarily on services — a sector which Minister Andrew Robb said represented 75 per cent of Australia’s GDP. “The next growth area for our economy is for our businesses to take their services and become a part of other economies.”

The resources sector will also figure prominently in the free-trade agreement — a fact reflected in the make-up of the forum that includes Australian resource majors Rio, BHP, Woodside and Toro as well as the Adani group and Jindal Steel and Power. India needs energy security to fuel its economy and pull hundreds of millions more Indians out of poverty, while Australia needs new markets for its natural resources.

“We recognise that the resources sector remains central to development in both countries, and that competitively priced, stable supplies of Australian minerals and resources contribute to India’s energy security,” Mr Adani said at yesterday’s meeting.

Mr Walsh added “Australia can also offer project financing through banks and public private partnerships as well as skills development and technical innovation in exchange for an environment that offered greater legal certainty for Australian operators and a consistent regulatory process for new projects.”



Add your comment

Mining Jobs

Careers and Industry Guide

Mining & Metals
Oil, Gas & Energy
Construction
Alternative Energy
Living & Working in Australia
Career Resources
Training and Development

Blogs
AMMA
Contact Us

Mining Oil and Gas Jobs Blog RSS Feed Mining Oil and Gas Jobs on LinkedIn Mining Oil and Gas Jobs YouTube Mining Oil and Gas Jobs Twitter Mining Oil and Gas Jobs on Facebook

International Association of Employment Web Sites Member
alyka web design perth