1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar

Property News

Victoria to strengthen trade relationship with India

February 20, 2012

Australia's international relations are very important in terms of trade, tourism and national security - and with the current global economic slowdown, the need for positive relationships with other countries has become pronounced. 

One such relationship is with India - Australia exports various materials to India such as coal, gold and crude petroleum.

According to 2010-2011 statistics from the Department of Foreign Affairs and Trade, the combined total of goods and services exported to India from Australia amounted to 3.4 per cent of all of India's imports, making Australia India's sixth highest import nation.

Premier of Victoria Ted Baillieu recently announced plans to strengthen this relationship by leading the largest-ever trade mission to India this week (February 20).

220 Victorian companies will attempt to increase two-way trade relations between Indian businesses and the Indian community, in a wider effort to support the local economy.

Mr Baillieu said: "The program will also build on the strengths of the growing Indian community based in Victoria to further broaden cultural ties through tourism, film, education, sport and other linkages."

If the initiative is successful, it may have  the potential to support residential property investment in the area.

Related Articles

Growth of Geelong North great for Victorian development

Geelong is expected to receive upgrades in the coming years, as the Victorian state government ...
read more

Building approvals on the rise in Victoria

Victoria's residential property sector could be set to benefit from a surge of new properties ...
read more

Melbourne auction market heats up

After a drop in volumes over the Easter break, Melbourne's residential property auction market ...
read more

Latest Articles

How is Australian investment faring?

Looking at the investment property market, it appears that the industry is thriving. The Australian ...
read more

Council calls for property reform

Buying a property comes with a wide range of fees and taxes, depending on where you buy and the ...
read more

Home values just keep on rising

Despite an alleged peak in home building having passed and a cooling in growth, there is still a ...
read more