PATIENCE & PROSPERITY: TRADING WITH INDIA
Written on the 14 May 2010
With a rapidly rising middle class and a need for mining expertise, India’s cashed-up businesses are looking for international partners to bolster growth. Brisbane Business News speaks with companies from completely different fields, as they discuss patience and prosperity when dealing with Australia’s $22 billion trade partner.
WHEN people talk about Indian ‘profits’ they often use a different spelling, but Buddha’s line that ‘a jug fills drop by drop’ seems all too true for its business world, where patience is the key to success.
After a Commonwealth Games-related boom Neylan expects a steady annual revenue of $10 million from now on in India, which is necessary due to the high costs of projects.
The Aromas of India
“They were a large road company looking to expand their business and channel other avenues for revenue, so they looked at us and thought we were a good fit,” he says.
The honey pot