Victorian Government is attracting new investments from top technology players in India with major software group Ramco Systems today announcing it will set up a state-of-the-art innovation centre in Melbourne.
Ramco, which already has its Oceania headquarters in Melbourne, will set up a Workforce Innovation Centre developing new technologies in artificial intelligence, facial recognition, language processing and interactive technologies like virtual assistants and chatbots.
Victoria's Minister for Trade and Investment made the announcement today at Ramco Systems’ Chennai headquarters.
Ths Minister is currently in India and Sri Lanka to strengthen Victoria’s ties with the region in sectors including digital technology, education, research and sports technologies. He is the first sitting Victorian Minister to visit Chennai in an official capacity.
The Minister also announced a significant collaboration between Deakin University and the Indian Institute of Technology Madras. The two will join forces to establish a new centre of excellence in metallurgy and additive manufacturing.
“We’re strengthening our relationships with India and Sri Lanka, and through our new India strategy we will attract even more investment, more tourists and boost exports to create jobs for Victorians.” Minister for Trade & Investment
The new Deakin IIT Madras Centre of Excellence in Metallurgy and Additive Manufacturing builds on the 10-year relationship between the two institutions and will offer Ph.D. programs and drive research in light, strong and high-temperature materials.
India and Sri Lanka are vital markets for Victoria’s booming international education industry. More than 200,000 Indian students have received an education in Australia over the last decade, and Sri Lanka is one of our fastest growing markets, growing by 33 per cent since 2016.
The Minister also met with key Indian business leaders, including biotech pioneer Dr Kiran Mazumdar-Shaw, who was recently announced as a Victorian Business Ambassador and is already connecting local businesses with the Indian health and biotech sectors so they can expand into new markets and create local jobs.
The government's recently released Victoria's India strategy is set to double the value of Victoria’s trade ties with India to almost A$1 billion over the next decade.