The Australian trade and investment relationship with India is stagnating – even declining.
Part of finding the solution should be to look at what others are doing to succeed there – especially Japan, Singapore and Canada.
Much more competitor analysis would have added real value and real world outcomes to the “An India Economic Strategy to 2035” report.
For example, in the area of India’s plans for 100 Smart Cities, how have competitor countries won contracts?
Research among Japan, Singapore and Canada would show that when the projects are large, these countries have gone to India with a total and coordinated solution – the finance, the designs, construction, equipment, ongoing administration and maintenance – and more. These have been offers too good to refuse.
Can Australia build a more collaborative approach to India? Can we identify projects and take a total solution across? Doing this would be one step to creating better levels of trade and investment.
Current fragmented approaches are not working.