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CII
TAKES MINING MISSION TO AUSTRALIA
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India and Australia
are all set to expand cooperation in the field of mining and
exploration. The Confederation of Indian Industry (CII), in
cooperation with the Australian Trade Commission, is mounting
a high-level 15-member delegation to Australia from June 28-July
7 to explore business opportunities for the Indian companies
in the mining sector of Australia. |
The CII delegation,
which would be led by Mr Rajneesh Gupta, CMD, Mineral Exploration
Corporation Ltd, & MD, Bharat Gold Mines Ltd, will aim at
promoting Indian mining and mining equipment industry, and will
seek to identify new emerging technologies and possible areas
of cooperation. Mr Sanjiv Kumar Mittal, Director, Ministry of
Coal, Government of India, would accompany also the CII delegation.
The delegation will interact with senior government officials
for cooperation in the development of mining sector for mutual
benefit.
The CII delegation will coincide with AUSTMINE 2005, a major
event on Mining, to be held from July 5-7. The main intent of
the Conference is to |
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showcase Australia
as a source of mining technology, equipment and innovation for
the global mining industry.
Australia is the third largest mineral producer in the world
and a strong record of research and development underpins the
global competitiveness of Australian mining supply firms. Australian
exports of mining equipment, services and technologies are conservatively
at US$1.75 billion per annum and are predicted to rise to US$5
billion per annum by the end of the decade. Australia provides
a total mining supply package from contract mining, software,
processing technologies, mine safety, education and training,
environmental solutions to mining consumable supplies. |
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Australia is already
a leading supplier of consultancy services, contract mining,
mining software and systems, coal washeries, components and
technologies, metalliferrous mineral processing, niche mining
equipment, mine safety equipment and systems, environment management
etc, to the Indian mining industry. The CII delegation would
thus look at ways of increasing the ambit of cooperation and
also leveraging technology for the development of the domestic
mining sector.
Besides, Mr Rajneesh Gupta, the CII delegation includes representatives
from Bharat Earth Movers Ltd, Mecon Ltd, Neyveli Lignite Corporation
Ltd, SRF Resources, Tega Industries Ltd etc. |
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Australian textile retailers to open offices
in India
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David Jones, Target,
Country Road, Little Label and Lowes, the five major textile-retailing
giants from Australia - are opening buying offices in India
according to sources.
According to - Indo-Australian Chamber of Commerce the five
retailing firms, which have sales of about two billion Australian
dollars, expressed willingness to open the buying offices in
India before December 2005, and are expected
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to open the buying
offices in Chennai, which is closer to the textile hubs, Coimbatore
and Tirupur.
Besides these the Indo-Australian Chamber of Commerce has also
received requests from nine Australian companies, seeking partners
in outsourcing operations. These are from industries as diverse
as financial services, superannuating services, legal transcription,
airline and health services. |
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At present, 12 Australian
firms have outsourcing contracts in India. These include ANZ
Information Technology, Lumley Technology, Axa, Total Super
and the New South Wales
Government. The Chamber of Commerce and Industry, Western Australia,
has also agreed to work with the Indo-Australian Chamber of
Commerce to recruit engineers from India on a broad range of
skills like civil construction, oil and gas, mining and mechanical
engineering to work in the Western Australian industry. |
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Australia- India Pharma Cos sign agreement
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The Ahmedabad-based
Cadila Healthcare Ltd and the Australia-based Mayne Pharma have
set up a 50:50 joint venture company to manufacture generic
injectable, cytotoxic (anti-cancer) medicines and active pharmaceutical
ingredients (APIs) for global markets.
Cadila plans to commence the construction of the plant in the
second quarter of the current financial year. However, the company
did not disclose exactly where the facility will be set up and
the estimated investment. "Other details are being worked
out," said a spokesperson.
While Cadila has a presence in more than 40 countries, Mayne
is present in 50 countries. "The joint venture with Cadila
is part of our strategy to marry our broad international sales
and marketing reach with a globally competitive supply chain,"
Mayne
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Group managing director
Stuart James said in a statement.
The venture will allow Mayne to get around Australian rules
against companies making a generic drug in Australia for export
to countries where the drug patent has expired if the patent
is still valid in Australia. Both companies will have equal
representation on the board of directors of the new company.
The plant will manufacture both solution and freeze-dried products
and is expected to have a maximum capacity of about 10-12 million
vials per annum. The first set of products is expected to be
launched around the middle of 2007.
Mayne Pharma's revenue in its 2004 fiscal year was A$3.5 billion
and the group runs the businesses of injectable specialty pharmaceuticals,
diagnostic services, pharmacy and health-related consumer products.
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Mayne has a deal
with another Indian drug maker Intas Pharmaceuticals to make
one of its future chemotherapy drugs.
Meanwhile, Cadila has a turnover of Rs 1,170 crore. The company
has been consolidating operations globally, particularly in
Europe and the US. Cadila, which has a US arm called Zydus Pharmaceuticals,
has eight manufacturing plants in India, of which two are approved
by the US Food and Drug Administration.
Cadila last year bought the French arm of US generic drugs group
Alpharma Inc. The company hopes to begin marketing at least
nine generic drugs in the United States from July.
Cadila shares rose 2.1 per cent to Rs 494.45 on the Bombay Stock
Exchange, while shares in Mayne Group had closed 1.6 per cent
higher at A$4.36 in a firm market before the news. |
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