Sunday, 25 April 2021

India & Australia - The Ties That Bind

The India-Australia relationship is an interesting one, both were erstwhile British Colonies and both often go toe-to-toe on the cricket field with a legendary rivalry spanning decades. Urban India is crazy about Masterchef Australia and follows the show religiously, thereby celebrating another common interest in food! But, beyond the obvious cultural exchanges, there is something more concrete that is developing between the two nations when it comes to bilateral ties.

Just last year, the Australia India Business Exchange (AIB-X) was held, which was one of the largest trade missions to India in the past five years. This was followed by the historic virtual summit between the Australian and Indian prime ministers in June, which led to the elevation of the bilateral relationship to a Comprehensive Strategic Partnership. Australia has participated in the Malabar exercises while coming together with India again for the Supply Chain Resilience Initiative (Australia, India, and Japan) and the Quad grouping (United States, India, Japan, and Australia). While the signing of a free trade agreement between the two countries has not transpired, in the future this might also materialize. The Ministry of External Affairs also now has a dedicated division looking into Oceania which includes Australia, ASEAN countries, and other Indo-Pacific regions. The overwhelming evidence goes to show that in the years to come the Australia-India relationship will become a deeper and more significant one not just strategically but economically as well.

India and Australia have yet another commonality that we are yet to touch upon - a thriving startup ecosystem. While India has been adding unicorn after unicorn to its kitty, Australia has been working towards going up the ranks in the Ease of Doing Business index where it ranks in the top 10. While the two countries are yet to collaborate at a national level when it comes to the startup ecosystem, Mumbai Angels Network, the premier platform for new venture investing and leading global accelerator inQ, are joining hands to showcase 6 Australian startups on 22nd May to the Indian investor and entrepreneur for investment and partnership opportunities.

We hope to have you join us for this exciting event that celebrates this confluence of the startup ecosystem and the burgeoning relationship between the two nations! To register, simply RSVP at at this link: http://bit.ly/MA_AUS

About MA Global Platforms:

MA Global Platforms is an exciting new offering by Mumbai Angels Network, that brings you the best in startups from across the globe. Learn more about the process of investment and explore partnership opportunities that can help you grow your business! The startups that we bring to you are looking to demonstrate their technology, look for sales partners, business development, or investments. MA Network’s platform continues to introduce global companies to the Indian investor, to enable their India entry in the most efficient manner. Through this channel, MA plans to continuously introduce innovative and unique offerings from across the world to its investors as well as to the larger ecosystem in its role as a leading angel investing platform. MA is equipped to handhold through the entire investment and post-investment process.

For more information, please feel free to reach out to chandni@mumbaiangels.in

/ sonalisingh@mumbaiangels.in

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