Australian Government’s Australia India Business Exchange Program showcasing Australian mining expertise in Kolkata
Australia will be the focus country at the 9th edition of IME 2022 and will showcase capabilities in mining exploration, extraction, technology and environmentally sustainable mining practices
Kolkata: To further strengthen two-way trade and economic links, Australia will be participating at the 9th edition of the International Mining, Equipment, Minerals, and Metals Exhibition 2022 (IME), scheduled to take place in Kolkata from 4 – 7 April 2022.
With an exclusive Australia pavilion at the exhibition, a 20+ member Australian delegation representing the Australian Mining Industry and Senior Australian Government officials will participate at IME 2022.
Speaking about Australia’s participation at IME 2022, Tim White, Trade and Investment Commissioner, Australian Trade and Investment Commission, said, “The Australian Pavilion at the IME 2022 exhibition showcases Australia’s mining capabilities and expertise to the Indian mining industry. Australia is a global leader in mining exploration, extraction, technologies and environmentally sustainable mining practices. Australia has an important role to play in supporting India to enhance productivity and efficiency in its mining sector. There are majoropportunities for Indian entities to invest in Australian critical minerals assets in support of stable and resilient supply chains.”
Australia is recognised as a global leader in Mining Equipment, Technology and Services (METS), with estimated A$2 billion R&D spend annually. Australia has among the world’s largest recoverable reserves of critical minerals, including battery minerals and rare earths. About $1.3 billion in Modern Manufacturing Initiative (MMI) and National Manufacturing Priorities have been announced to support critical minerals processing. Furthermore, the Australian Government-funded Future Battery Industries Cooperative Research Centre (FBICRC) is driving innovation in the battery value chain.
In the year 2020, India was Australia’s seventh-largest trading partner, with two-way trade valued at $24.3 billion, and the sixth-largest goods and services export market, valued at $16.9 billion. In the same year, India was Australia’s third-largest market for services exports.
