The Telegraph
Sunday , April 27 , 2014
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Aussie mining offer

Watkinson: Future plan

Calcutta, April 26: Australia is keen to partner India in mining services and equipment trade.

“In mining services and equipment, we see an excellent opportunity for Australian companies to collaborate with India or to develop the offshore oil and gas sector,” Nicola Watkinson, senior trade and investment commissioner (South Asia), Australian Trade Commission, said at an event by the MCC Chamber of Commerce and Industry organised yesterday.

One of the world’s largest net exporter of coal, Australia accounts for 29 per cent of the global coal exports and specialises in ore extraction and mining practices.

An Australia-India joint working group on energy has identified areas of interest to India as part of its work programme for 2011-14. These include the hydrocarbons and non-conventional hydrocarbon sectors.

Both the countries have set a target to achieve a bilateral trade volume of $40 billion by 2015. Two-way trade has shown an increase of 13 per cent each year for the last five years, reaching $15.4 billion in 2012-13.

Exports from India comprised pearls and gems, electric plants, jewellery, made-up textiles, while India imported gold, coal, copper ores, crude petroleum, fertilisers and wool from Australia.