SMEs An Untapped Sector In Indo-Aussie Trade | SupportBiz

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SMEs An Untapped Sector In Indo-Aussie Trade

Australian treasurer Joe Hockey urged Indian PM Narendra Modi to look into the matter

The small and medium enterprises (SME) sector can play a key role in strengthening trade ties between Australia and India, believes Australian treasurer Joe Hockey. During the end of the roundtable CEO meet held yesterday, Hockey urged Indian Prime Minister Narendra Modi to look into the untouched sector.

He stressed on the fact that there is a gap in the role that SMEs play in the bilateral trade relations between the two countries. "If we can find a way then I have no doubt in the growth of the relationship. I have not personally met Indian Finance Minister Arun Jaitley, but have spoken with him at length and have no doubt that relationship will grow significantly," added Hockey.

In this regard, Visy Industries, a top Australian company, announced that it will invest to launch a leadership dialogue programme between the two nations. The annual bilateral dialogue will be called 'Australia India Leadership Dialogue' and will be organized by the Australia India Institute (AII) in October next year. Going forward, the even will take place alternately in India and Melbourne.

"The leadership dialogue will help create common understanding on critical bilateral and global issues between the political and business leaders of the two countries as well as inject new creativity into addressing common challenges of the near and the future," AII CEO Amitabh Mattoo said.

Anthony Pratt, Chairman and CEO of Pratt Industries and Ross Fitgerald of Vizy Industries will chair the Australian dialogue, while Matto will chair the Indian side for the first four years. Leaders from business, public life and civil society, and the media will participate in the annual event.