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Australia to hike investment in India

Our Bureau

HYDERABAD, Jan. 23

AUSTRALIA, the eleventh largest investor in India, wants to expand its activities by investing in telecommunications, e-governance, content development and network solutions besides mining and biotechnology, said Mr Richard Kovac, Senior Trade Commissioner at the Australian High Commission in New Delhi, on Wednesday.

He told a meeting of traders that in agro-business, development of cold storage chains was an important area for FDI. India, on its part, could export off-season fruits and sun-dried products to Australia.

Promotion of education and tourism between the two countries could be worked out to mutual advantage.

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