AUS-CREAN 2 LST

Along with his counterpart Sharma, Crean will address the
Confederation of Indian Industry and meet delegates from the
Joint Business Council.
He will host a function in honour of the Advance Emerging
Leaders India Summit, which is being held in Delhi on May 4.
In Mumbai, Crean will meet with the Reserve Bank of India
and senior Indian CEOs. He will also visit the Yash Raj Film
studio, hoping to launch a bid to woo Bollywood to Australia.
In Hyderabad as well, Crean will meet industry leaders.
His meetings will be aimed at expanding Australia's trade
presence in India.
"I have announced the Government's expansion plans for
Austrade to establish five new offices across India, taking to
eleven the number of trade offices in India," he said.
Crean's visit to India is his first since Prime Ministers
Kevin Rudd and Manmohan Singh agreed on a Strategic
Partnership between Australia and India in November 2009.
Two-way trade was up 55 per cent in 2008-09,
notwithstanding the global economic crisis, and has grown at
25 per cent a year for the past four years. As many as 12
Indian ministers have visited Australia since 2008.
This will be the twelfth visit by an Australian Federal
Government Minister in the same timeframe, as well as the
visit of the Prime Minister.
"The complementarities between our economies point
towards a closer trade and economic partnership. Australia is
a key supplier of resources and energy for India's future
growth," Crean said.
"But there remains untapped potential in services,
agriculture, manufactures and renewable and clean energy
technology," he added.
India is now Australia's fourth largest export market –
up from sixth in 2006-07 and thirteenth in 1998-99. PTI