KOLKATA | Jan 13, 2015: An Australian delegation led by Andrew Robb, Trade and Investment Minister, met union minister for steel & mines, Narendra Singh Tomar in New Delhi on Monday.
During the meeting, which was attended by senior government officials from India and Australia and CEOs from the countries, Mr Robb complimented the new government for bringing in forward-looking and progressive changes in the mining sector. Incidentally, Around one-third of the 450-strong delegation that has come to India, represent mining sector. The Australian minister commended the stable policy regime, that would help attract investors to India.
Mr Tomar invited Australian mining companies to be a partner in developing the mining sector in India. While highlighting issues of concern, he mentioned reducing the high waiting time for ships at the coal loading ports in Australia, improving availability of rail and port capacities for transporting coking coal to port and creating opportunities for sale or investments in the equity of good coking coal assets in Australia.
Mr Tomar assured the delegation that their concerns will be addressed and expressed confidence that bilateral relations will become better and stronger, paving way for progress on both sides.
(Source: http://economictimes.indiatimes.com)