 "Ficci, AIBC sign MoU to strengthen business ties")
In a bid further strengthen and promote business ties with Australia, the Federation of Indian Chambers of Commerce and Industry (Ficci) on Friday announced inking a memorandum of understanding (MoU) with Australia India Business Council (AIBC).
The agreement was signed in the presence of the visiting Finance Minister Arun Jaitley during the 'Invest in India Round Table Conference' here.
According to National Chairman of AIBC Dipen Rughani: "The signing of the MoU is a great milestone in the bilateral relations between the two organisations and will certainly have a positive impact and add tremendous value to the business relations between the two countries."
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The agreement reinvigorates the ongoing relationship between the two organisations to further promote, facilitate and grow the trade and investment relationship between Australia and India.
The MoU also solidifies the partnership for the upcoming "Engaging with India" conference being held on 16 and 17 May, for which AFR is also a partner, AIBC said.
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The pact is a move to further increase work in and with the Australian side, Ficci President Harshavardhan Neotia said.
Acknowledging the huge potential that exists between the businesses of the two sides, Neotia announced the launch Ficci's office in Australia — which will be represented by the CEO of Rio Tinto India, Nik Senapati.