Wednesday, July 27, 2011
By Pranjal Gera
Australian firms seeking entry in Indian market
As India is World’s second largest rapidly growing auto market, the Australian firms are planning to have a business tie-up with Indian car makers. With the tie-up, the Australians will get fresh business opportunities and India can avail benefit from the modern green technology of Australia.
According to a reliable source, Kim Carr, Minister for Innovation, Industry, Science & Research, have recently visited India on behalf of Australian auto industry and he stated that Australia is interested in tie-ups among Indian companies and their innovative automotive corporations. The Australian Government has a modern Green technology and through the technology it has pull through the economic downswing. The Minister also discussed some important points with Leading Indian auto makers Tata Motors and Mahindra & Mahindra.
This alliance can bring many benefits to India. The Australian companies with its modern technology can provide the Indian automobile industry with, low emission technology, new vehicle designs and innovative manufacturing process. The Indian car makers can also get benefit of the R&D Tax Credit Legislation for the manufacturing and for increasing.