Why would the Australian Government encourage Australian Mining companies to Invest in India when its a well known fact that companies such as HCL are "liars and cheats".
Maybe Mr Tomar should present the shinning light India Resources as what to expect in India and what to expect after 8 years of doing business in India. NOTHING
Why would the Australian Government recommend Australian Mining companies to invest in India when they are ripped off and then taxed even though they lose money.
Australia govt to encourage its cos to participate in India's mines auction
Thursday, 3 September 2015 - 4:06pm IST | Place: New Delhi |
The topic was discussed in a meeting held on Wednesday between Steel and Mines Minister Narendra Singh Tomar and his Australian counterpart, Minister for Industry, Science and Resources Ian Macfarlane, an official statement said on Thursday.
Australia has assured India on encouraging its mining companies including giants such as Rio Tinto and BHP Bilton to participate in the mines auction scheduled to commence in October-November.
The topic was discussed in a meeting held on Wednesday between Steel and Mines MinisterNarendra Singh Tomar and his Australian counterpart, Minister for Industry, Science and Resources Ian Macfarlane, an official statement said on Thursday.
Tomar is leading a delegation of the Indian mining industry to Sydney for Asia Pacific Mining Exhibition (AIMEX) 2015, one of the world's largest mining event.
Other members include Director General of Geological Survey of India, CMD NMDC, CMD MECL, and other senior officers from PSUs and Mines Ministry.
"Through AIMEX, we want to showcase the mineral richness of India before a global audience. Further, we want to harness Australia's leadership in mining technology and exploration ability to strengthen mining in India," Tomar said in the statement.
The minister added that by year end, India will put up 82 blocks for auction, which includes minerals such as iron ore, gold and bauxite, among others.
"We urge you (Macfarlane) to identify and encourage Australian companies to participate in these auctions," Tomar said.
Responding positively to Tomar's proposal for enhancing exploration capabilities in the hitherto under-explored India, Macfarlene assured him that all support will be extended to Indian exploration and mining by both Geo Science Australia and Commonwealth Scientific and Industrial Research Organisation (CSIRO) Australia.
Macfarlene assured Tomar that he will encourage Australian companies to participate in the upcoming mineral auctions in India. He also applauded the legislative reform carried out by the Indian government, the statement said.
"The reforms are happy news for our manufacturing industry because India is their focus," the statement quoted Macfarlene.
Expressing confidence in the Indian democracy and judiciary, the Industry Minister said that even the Australian private industry would look forward to collaborate with India.
This is the third meeting between Tomar with an Australian statesman during his visit to the island nation.
Prior to this, he met Premier of New South Wales Mike Baird and Minister for Trade and Investment Andrew Robb.
