Australia keen to partner India in energy and resources sector

The METS (Mining Equipment, Technology and Services) sector from Australia is keen to partner with Indian companies in the energy and resources sector but wants “certainty and continuity in policy framework”.

According to Tim Beresford, Deputy CEO, Global Client Services, Australian Trade and Investment Commission, as many as 40 METS companies from Australia are working in India and another 13 are looking at opportunities to collaborate and support Indian industry as it grows its resources and energy interests. The collaboration could be by way of joint venture, partnership arrangements, minority shareholder stakes or contractual relationship.