MELBOURNE, 11 July 2022: The Australia India Business Council (AIBC) has signed MOU with peak Indian industry bodies, the National Federation of Cooperative Sugar Factories Limited (NFCSF) and the Trade Promotion Council of India (TPCI), aimed “to promote and facilitate bilateral trade and business opportunities in accordance with ongoing economic policies, such as Comprehensive Strategic Partnership (CSP) and the Australia-India Economic Cooperation Trade Agreement (AI-ECTA).”
NFCSF and TPCI signed the MoUs with AIBC in the presence of Mr. Manish Gupta – Consul General of India in Sydney and members of their trade delegation visiting Australia from 26 June to 2 July 2022.
An AIBC media release says, ” Their MoU with AIBC will enable identification of opportunities between businesses in Australian and Indian private sectors in the bilateral sugar trade, including Small to Medium Enterprises, commercialization of technologies and facilitate any futuristic investments in the sugar industry.
NFCSF was established to build a strong and vibrant cooperative sugar sector in India and the TPCI is an apex trade and investment promotion organization recognized and supported by the Indian Government’s Department of Commerce.
“Their MoU with AIBC will enhance the promotion of business cooperation through the execution of joint activities and exchange experiences to strengthen institutional knowledge in bilateral trade and support visiting trade delegations mutually,” says the media release.
