Media release from the Australian Department of Foreign Affairs and Trade

Wednesday, 5 December 2001

India: Economic Analytical Unit Report

The Department of Foreign Affairs and Trade wishes to clarify a number of misunderstandings about aspects of the recently released report by the Economic Analytical Unit on "India, New Economy, Old Economy", particularly as these relate to Australia's IT sector.

The India report is not advocating exporting jobs to India at the expense of the development of the Australian IT sector. On the contrary, it unequivocally underlines the significant strengths and the creativity of Australia's IT sector in a variety of fields and argues that this offers considerable scope for mutually beneficial cooperation with India's IT sector.

The overriding aim is to enhance Australia's export capacity in the IT area. Cooperation in this field offers Australian companies opportunities to increase their competitiveness, secure larger markets both at home and internationally, and most importantly, expand jobs for Australians in Australia. The report notes that this can provide considerable benefits to Australian companies.

The Department of Foreign Affairs and Trade has always recognised the high calibre of Australia's IT industry and has worked extremely hard over many years to support it in international markets. In producing this report on India and other country-specific reports, the Department's aim is to assist Australian companies to identify opportunities to grow their businesses and generate jobs for Australians.

Media Enquiries: Lyndall Sachs DFAT Media Liaison 02-6261 1555

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