Australia Looking for Investors in Infrastructure Sector


Kolkata, Apr 24 (IANS): Australia wants India to share costs with it in infrastructure projects required to support the mining expansion projects in that country, an official said here Friday.

Damian Papps, director for investments, department of trade & economic development of South Australia, said the country was scouting for investors in India for this.

"We are looking for Indian companies who will participate in expansion," he said at a press conference.

However, Australia was also trying to find partners in the US, Canada, Germany and China. But so far no company has agreed to participate in developing infrastructure projects, Papps said.

BHP Billiton, which controls Olympic Dam - world's largest uranium ore body - is aiming at becoming the world's largest producer of uranium ore by 2020. There are investment opportunities lying for India in various such projects, he said.

 

  

Top Stories


Leave a Comment

Title: Australia Looking for Investors in Infrastructure Sector



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.