Australian corporate sees mutual benefits in investing in India

As Australia and India embark on an ambitious plan to double two-way trade to USD 40 billion by 2015, a business magnate here has said that tapping the Indian market can create jobs and prosperity for Australia.

Lindsay Fox, who runs billion dollar trucking and logistic firm and led the Australian trade delegation during Prime Minister Julia Gillard visit to India this week, said the country with a booming economy and population of 1.2 billion had a great potential to create jobs for Australia.

‘We’re in the right spot at the right time and we’ve all got to be smart enough to capitalise on it,’ Herald Sun quoted him as saying.