'Tapping Indian mkt will create jobs for Australia'

Lindsay Fox, who runs billion dollar trucking and logistic firm and led the Australian trade delegation during Prime Minister Julia Gillard visit to India this week, said the country with a booming economy and population of 1.2 billion had a great potential to create jobs and prosperity for Australia.

"We're in the right spot at the right time and we've all got to be smart enough to capitalise on it," Herald Sun quoted him as saying.

"That's a hell of a lot of tomatoes, bananas, cows, sheep or anything that we can produce in Australia," he said.

Fox further said that there will be 100 million new people every year with money ready to buy things - five times Australia's population.

It has been noted that in the past Australia did not give top priority to India.

Apart from that there were only handful of Australian business leaders doing businesses in India.

ANZ head Mike Smith, who was also part of the business delegation, said he believed that there was already a "can do" spirit of goodwill between the two sides. Gillard, in her 3-day official visit to the subcontinent, announced enhancing economic relations with India.

She said the two countries have set a goal of doubling bilateral trade to USD 40 billion

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