April 2024 – Into India

Australian banker says “this is India’s century”

This is the best, strongest vote of confidence in India from one of Australia’s leading corporations.

Mark Whelan, Group Executive at ANZ: “The time is very much appropriate to grow here. If you look at the basics of the Indian economy and where its place is in the world, this is India’s century”.

Rufus Pinto, Country Head, India, Australia and New Zealand Banking Group, outlined the rapid recent growth of ANZ in India: “ANZ India started our Institutional Banking operations in 2011. 13 years of existence across three branches today with over 80 bankers supporting the top Financial Institutions; Local Large Corporates and MNC’s working together with our home markets of Australia and New Zealand, and ~30 markets in our global network providing our clients a seamless agile offering.

“ANZ in India today house almost 20% of our global workforce, with our Global Capability Centre in Bengaluru,” he said.

This is change on a grand scale for a leading Aussie company.

Yes, this is India’s century.

Time to get on board?

Did you know Gallipoli played a huge role in Australia-India friendship?

Congratulations to the Australia India Institute for this celebration.

The Australia India Institute has celebrated the untold history of the ANZAC-India relationship formed at Gallipoli in 1915.

Serving alongside the ANZACs for their entire campaign were troops of Britain’s Indian Army – gunners and drivers of two Indian mountain batteries. An Indian infantry brigade and a large Supply and Transport force soon joined them, with over 16,000 Indians serving on Gallipoli.

The Institute hosted the untold story of the Anzac-India friendship, with one of Australia’s most distinguished military social historians Professor Peter Stanley.

He shared the role Indian troops played and the remarkable positive relationship that grew at Gallipoli between Anzacs and Indians.

Assistant Foreign Minister Tim Watts and Indian Consul General Melbourne Dr. Sushil Kumar, were part of this significant event. Indian Veterans who attended.

As part of this celebration of this unrecognised history, Mark Trayling presented the Bahadur painting to the Institute. The Bahadur painting was painted-by-mouth by Mr Ghosh, a resident of the Paraplegic Centre for Armed Forces in Pune, India.

Australia’s sister-city relationships with India and the diaspora here – asleep but huge potential

The growing Indian diaspora in Australia could add real energy to our relations with India – and the sister-city program could be an ideal vehicle.

My desk research suggests that only Brisbane and Ipswich have formal sister-city relations, both with Hyderabad. I also believe Perth has begun searching for an Indian sister-city.

This is pathetically small when compared to our large numbers with Japan, USA, Canada and China. It is time to catch up with India.

Global sister-city relationships, also known as city twinning, started after World War 2 with the ideal of fostering international cooperation, cultural exchange, economic development and disaster preparedness.

Worldwide sister-city relationships right now have almost stalled, yet offer immense potential.

There is a growing need for comprehensive research to assess the effectiveness of existing collaborations, identify challenges, and formulate evidence-based policies that can enhance the outcomes of these bonds.

We should reinvent sister-city relations with India and focus on helping with challenges such as climate change and pandemics, along with development and economic links. The Indian diaspora in Australia is well placed to lead this.

Modern technology makes sister-cities highly attractive via the improved and cheap communication channels. Knowledge exchange is now easier than ever. Economic collaboration and trade between twin cities can go through the roof if the local diaspora is heavily involved.

People to people connection is the sleeping giant of Australia-India relations and it can wake up and energise via the Australian Indian diaspora.

How can we apply digital platforms, data analytics and smart city technologies to create highly effective sister cities with India? We need answers in order for sister cities to be a wise investment of time and money.

Successful sister-city relationships must be characterised by a commitment to mutual understanding, effective communication, and a focus on shared goals.

Anusha Kesarkar Gavankar, a Senior Fellow at the Observer Research Foundation, recently wrote: “Policymakers could focus on enhancing communication channels between sister cities by utilising modern technology, establishing regular forums, and promoting language exchange programmes. Developing dedicated online platforms and mobile applications can facilitate real-time communication, allowing cities to share experiences, best practices, and innovative solutions to shared challenges.

“Furthermore, establishing annual forums or conferences where representatives from sister cities can meet and discuss collaborative opportunities can strengthen ties and foster a sense of community.”

In addition to the economic potential, I would love to see sister-city scholarships for Indian students to study in Australia, as well as cultural events that showcase the rich diversity and indigenous knowledge of each city can strengthen the bond between communities.

Many of our universities now have formal links and presence in Indian cities, so it would make sense for sister city deals to focus on this groundwork.

I would also like our sister city deals with India to include “great challenges” so the two come together for problem solving and common goals. This adds real energy to the relationship.

The Indian diaspora in Australia can provide the real energy to make this work. We already know External Affairs Minister Dr S Jaishankar is a big fan.

Read more from Observer Research Foundation here:

https://www.orfonline.org/expert-speak/the-twin-connection-revitalising-sister-city-relationships

Jasmine Batra and AICC outlining a thoughtful way to enter the India market

Two organisations that advocate a “more thoughtful” way to enter the Indian market came together last week in a wonderful seminar providing some super advice.

First was the Australia India Chamber of Commerce (AICC) which hosted the event and their Chair, Chris Mooney, put the case for the chamber’s National Industry Groups doing well researched and sequenced steps to engage with India. Each group does research for a white paper, builds a community and knowledge group around it and leads to well prepared India missions.

Second was the keynote speaker, Jasmine Batra from Arrow Digital, who have a program called “The Big Leap” taking clients through a 12 month program of understanding and entering India. INTO INDIA has long advocated that slower market entry produces superior long term results – a strong alternative to the traditional Aussie hasty transactional approach. We love “The Big Leap” concept.

There are three major factors that make India today a very special market – first, the young population with an average age of 28; second, the rise of the tier 2 and 3 cities, including their specialisation, three, India’s global leadership in rolling out digital infrastructure that is transforming business and society.

Jasmine talked about importance of Food, Festivals and Family when thinking about India. “Family” includes what she called “the crazy rich” such as Tata, Ambani and many more. But it also goes right down to small community business families. Your journey will interact at all levels at some time.

Reducing risk is vital. There are three steps you can take. First, understand the cultural context. Second, do market research and find local partners. Third, network community and do due diligence.

In conclusion Jasmine Batra said you should get over there, get around and get partners. By research and regular visits, your more thoughtful engagement with India will produce results.

La Trobe University very kindly provided the venue.

CONTACT AICC

About Us

Contact Jasmine Batra

https://arrowdigital.com.au/about-us

Salary hikes on way for young Indian professionals and executives

Want a decent salary hike? The best place to be right now could be India.

According to insights from Randstad India, corporate salary increments in India are projected to range from 8-11% this year, with junior professionals expected to receive the highest increases of 10-11%.

This shift reflects a growing trend towards skill-based compensation, allowing professionals with specialized expertise to negotiate salaries more flexibly.

It amounts to a big financial boost for India’s growing middle class.

Companies are increasingly focusing on hiring and upskilling freshers and junior-level candidates to meet organizational needs, yielding positive outcomes across industries.

Conversely, senior professionals may see “lower” salary hikes, averaging 8-9%, while medium-level professionals can expect around 9-10% increments.

Why pays the best?

Sectors like internet/e-commerce, manufacturing, and BFSI are likely to offer the highest increments, driven by factors such as value-added models in e-commerce and technological advancements in manufacturing.