India market overview · 2017-07-18 · India market overview India is the world’s largest...
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India market overview India is the world’s largest democracy and Queensland’s fourth largest trading partner. Predicted to be the third largest economy by 2030 1 , India is undergoing major reforms and embracing pro-business policies to drive its large-scale development program. Defined by the 3-S of Scale, Skill and Speed, successful business ventures in India are characterised by either high-volume-low-margin or niche products or services. The Australia-India Comprehensive Economic Cooperation Agreement will further deepen trade and investment relations between Queensland and India. US$20billion market Education and training The world’s largest workforce with 30% aged 10-25 2 , the National Skill Development Mission plans to train 400 million Indians by 2022 3 . Training opportunities exist in hospitality, sports, retail, mining, construction, and research in higher education, skills hubs, government agencies, and curriculum development. Mining and resources India has the fifth largest coal reserves in the world 4 in addition to other minerals like chromite, iron ore, bauxite and manganese ore. Opportunities exist for Queensland’s mining technology and services companies to provide technical expertise, mine safety, training, equipment and technical collaboration. Urban development and services The Indian Government’s US$1 billion for urban rejuvenation and $84 million for habitation and development of 100 smart cities 6 create opportunities to provide urban design, architecture and technologies solutions targeting 2nd and 3rd tier cities. NOW MID TERM LONG TERM • Coal – exports and energy in-market development • Infrastructure – urban design, architecture, housing, precincts • Education and skills training • Horticulture, food and agricultural technology • Mining equiptment, technology and services • Innovation & research collaboration • Business incubation hubs • Sustainable food • Professional services • Education and training • Research and development • Sports, entertainment, health, infrastructure and services • Renewal energy technology • Franchising and services – food • Renewable energy technology • Water and environment • Innovative programs, digitalisation and schools outreach • Infrastructure – interconnectivity • Advanced health care, life sciences and tropical expertise • Agriculture automation, storage • Sports, tourism and mass transit Current opportunities Future opportunities Engaging with India requires a long-term strategic focus and commitment. Rapid urbanisation of 250 million 7 people will change the market appetite for sophisticated goods and services in the next five years. PPP models are evolving with the advent of private participation particularly in telecoms and infrastructure. E-Commerce is a rapid growth sector and e-learning industry is to reach US$1.29 billion by FY 2018 8 . India is poised to grow its economy with strong focus on modernisation, consumerism, skill and capacity building, and capability development, which bring significant opportunities for Queensland across diverse sectors. 1 billion tonnes of coal by 2020 target US$1billion Smart Practice, Smart Living 5
Transcript of India market overview · 2017-07-18 · India market overview India is the world’s largest...
India market overviewIndia is the world’s largest democracy and Queensland’s fourth largest trading partner. Predicted to be the third largest economy by 20301, India is undergoing major reforms and embracing pro-business policies to drive its large-scale development program. Defined by the 3-S of Scale, Skill and Speed, successful business ventures in India are characterised by either high-volume-low-margin or niche products or services. The Australia-India Comprehensive Economic Cooperation Agreement will further deepen trade and investment relations between Queensland and India.
US$20billionmarket
Education and trainingThe world’s largest workforce with 30% aged
10-252, the National Skill Development Mission plans to train 400 million Indians by 20223. Training opportunities exist in hospitality,
sports, retail, mining, construction, and research in higher education, skills hubs, government
agencies, and curriculum development.
Mining and resources India has the fifth largest coal reserves in the world4 in addition to other minerals
like chromite, iron ore, bauxite and manganese ore. Opportunities exist for Queensland’s mining technology and services companies to provide
technical expertise, mine safety, training, equipment and technical collaboration.
Urban development and servicesThe Indian Government’s US$1 billion for
urban rejuvenation and $84 million for habitation and development of
100 smart cities6 create opportunities to provide urban design, architecture and
technologies solutions targeting 2nd and 3rd tier cities.
NOW MID TERM LONG TERM• Coal – exports and energy
in-market development• Infrastructure – urban design,
architecture, housing, precincts • Education and skills training • Horticulture, food and
agricultural technology• Mining equiptment, technology
and services• Innovation & research collaboration• Business incubation hubs
• Sustainable food• Professional services • Education and training• Research and development• Sports, entertainment, health,
infrastructure and services • Renewal energy technology• Franchising and services – food
• Renewable energy technology • Water and environment • Innovative programs, digitalisation
and schools outreach • Infrastructure – interconnectivity• Advanced health care, life sciences
and tropical expertise • Agriculture automation, storage• Sports, tourism and mass transit
Current opportunities
Future opportunities
Engaging with India requires a long-term strategic focus and commitment. Rapid urbanisation of 250 million7 people will change the market appetite for sophisticated goods and services in the next five years. PPP models are evolving with the advent of private participation particularly in telecoms and infrastructure. E-Commerce is a rapid growth sector and e-learning industry is to reach US$1.29 billion by FY 20188. India is poised to grow its economy with strong focus on modernisation, consumerism, skill and capacity building, and capability development, which bring significant opportunities for Queensland across diverse sectors.
1 billiontonnes of coal
by 2020target
US$1billionSmart Practice, Smart Living5
Trade & Investment Commissioner for India Trade & Investment Queensland, India Office
12/1 Primrose Road, Off Magrath Road, Bengaluru 560025, India
Trade & Investment Queensland, Brisbane Office
Level 10, 1 William Street, Brisbane Queensland 4000 PO Box 12400 George Street, Brisbane Queensland 4003
Sandra Diethelm
TIQ
-16-
1118
TradeandInvestmentQld
@tradeinvestqld
tiq.qld.gov.au
Trade & Investment Queensland
+61 7 3514 3147
Sandra Diethelm joined Trade and Investment Queensland (TIQ) in October 2016 and is based in TIQ’s Bangalore office.
Ms Diethelm holds a Bachelor of Engineering (Electric/ Electronics) from Switzerland and migrated to Australia and settled in Queensland in 2001.
While based in Australia, Sandra managed complex projects for the Queensland electric utilities Ergon Energy and Energex before moving to Bangalore in 2012 where she established her own company focussed on providing outsourced services to Australian utility companies.
Ms Diethelm has worked in senior roles across public and private organisations in Switzerland, Australia and India prior to joining TIQ and has extensive experience in delivering outcomes in complex environments.
Ms Diethelm’s key industry experience includes energy and electric smart grids, electronics manufacturing and outsourced professional services. She also has experience in setting up a start-up business in India and has a passion for the Indian culture.
Key activities1
2
Fresh Produce India, Mumbai – April 2017 3
International Mining and Machinery Exhibition, Kolkata – 16-19 November 2016
4
Australia Business Week in India – March 2017
Advance Queensland Innovation and Investment Summit, Brisbane – 2017
5 Inbound India Higher Education and VET familiarisation tour to Queensland – May 2017
+91 80 4089 2000
References 1. http://www.ers.usda.gov/data-products/international-macroeconomic-data-set.aspx2. http://www.ey.com/Publication/vwLUAssets/EY-Government-and-Public-Sector-Reaping-Indias-demographic -dividend/$FILE/EY-Reaping-Indias-promised-demographic-dividend-industry-in-driving-seat.pdf3. http://pib.nic.in/newsite/PrintRelease.aspx?relid=1232964. https://www.pwc.in/assets/pdfs/industries/power-mining/icc-coal-report.pdf5. http://amrut.gov.in/writereaddata/Fund%20Allocation.pdf6. http://pib.nic.in/newsite/PrintRelease.aspx?relid=1199257. http://12thplan.gov.in/12fyp_docs/17.pdf8. https://www.kenresearch.com/education/learning/india-e-learning-market-research-report/393-99.html
