Redland City Council, under the auspices of Trade and Investment Queensland, recently led a trade delegation to India, making waves at two pivotal events – the Tamil Nadu Global Investors Meet (GIM) 2024 and the Vibrant Gujarat Global Summit (VGGS) 2024.
Bridging Economies: Redland City’s Strategic Move
In a strategic move, five Queensland-based companies delved into investment opportunities in India, exploring sectors ranging from security and logistics to food and agriculture.
Chris Isles, the General Manager of Redland City Council, emphasised the mission’s objective – to foster economic ties between the Redlands coast and India, capitalising on the India-Australia Free Trade Agreement (FTA) and the recently launched 2023-2027 India-Queensland strategy.
Australia-India Pact: A Game-Changer
The visit aligns with the Australia-India Economic Cooperation and Trade Agreement (ECTA), inked in December 2022, marking India’s first such pact with a Western nation.
This groundbreaking agreement abolished tariffs on over 85% of Australian exports to India and 96% of Indian imports, unlocking significant trade opportunities in sectors like agriculture, technology, education, healthcare, renewable energy, sports technology, manufacturing, and AgTech.
Tamil Nadu GIM 2024: An Economic Powerhouse Beckons
Redland City Council strategically chose the Tamil Nadu GIM 2024 for its remarkable economic growth.
As India’s second-largest economy, Tamil Nadu offers a business-friendly environment with state-of-the-art infrastructure and a proactive government.
The GIM, a biennial global event, attracts investors, businesses, and government representatives, providing an unparalleled platform for international exposure.
VGGS 2024: Navigating Gujarat’s Economic Prowess
Gujarat, India’s fourth-largest economy, was the backdrop for the Vibrant Gujarat Global Summit.
With a population of 70 million, Gujarat stands as one of India’s wealthiest states. The summit serves as India’s premier global business event, connecting Redland City with potential partners, industry leaders, and government officials worldwide.
Redland City’s expedition to India not only solidifies economic alliances but also opens avenues for trade, exports, and bilateral investment.
As the global economic landscape evolves, these strategic moves position Redland City at the forefront of international partnerships.
