![]() Financial Daily from THE HINDU group of publications Thursday, Jan 24, 2002 |
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Industry & Economy
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Foreign Trade 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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