Summer 2018 Update

The nation we call India is the world's fastest growing major economy. We say the nation ‘we call India’ because we’ve come to discover that it’s more like a continent of unique cultures and languages than a single country. Although we’re a much smaller, less populous part of the world Victoria shares the Indian people’s respect for diversity and difference.

 

India’s growth and diversity have real implications for Victoria in the people-to-people, and trade and investment spheres. Victoria is home to the largest Indian population in Australia – in fact the number of Victorians with Indian heritage has grown by nearly 300 per cent from 2006 to 2016 to reach 209,257. This diaspora plays a key role in trade flows between India and Australia which have historically been dominated by products such as wool, pulses, fruit and nuts, and on the services side, by tourism and international education. Victoria is also a sought-after destination for Indian technology companies operating in the Oceania region. Recent investments from India in the technology industry include Ramco Systems, Ugam Solutions, Aegis, Dexler, Servion Global Solutions and Ray Business Technologies. Beyond the technology sector, notable Indian companies that have invested in Victoria include Mahindra Aerospace, Cipla Pharmaceuticals, Wadhawan Group and Zomato.

In October 2017, the Victorian Government appointed Michelle Wade as Victoria's Commissioner to South Asia. Michelle is based in Bangalore where she and her team work to strengthen trade and investment ties between South Asia and Victoria. Premier Andrews will visit India in early 2018 to further enhance Victoria's people-to-people, governmental and economic relations with India.

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