By FMTeam With the recent India-Australia Economic Cooperation and Trade Agreement (ECTA) coming into effect, foreign investment is now pouring into India at a rapid pace, which is always a good thing. And just like Australia, there are other nations that have specific agreements and pacts signed with India for trade and investments. But how do these actually come into effect? Well, that happens through the different businesses and big corporations setting up their centers, manufacturing facilities, and offices right here in India. And yes, today, we are here to take a good look at the top 10 leading Australian companies in India as of 2024. These are the very companies that are investing in the Indian economy and gaining market share in different niches to provide the best quality products and services too.
1. BHP Group
For those who don’t know, BHP Group actually is in the resources business and has made a name for itself in India by providing important raw materials like iron ore, coal, and copper. That’s not all, though. After merging its oil business with Woodside Energy in 2022, BHP is now also a major player in the energy industry. To put it another way, BHP’s focus on oil and liquefied natural gas (LNG) will be very important to India’s energy shift as the country moves away from coal, you know?
2. Commonwealth Bank of Australia (CBA)
Established more than a century ago in 1911, the Commonwealth Bank Of Australia is for sure a big bank that uses India as its tech hub. In that picture is the Commonwealth Bank of Australia (CBA). That’s not just any bank, this is a tech-savvy bank that focuses on things like preventing financial crime and managing risk, you know? By using India’s skill pool, CBA supports its global operations and helps create jobs and new ideas in India. It is actually how they invest in different things that have kept them going in a tough market like India, and that’s precisely why these are super successful.
3. Westpac Banking Corporation
Have you ever thought about how trade between Australia and India is so successful? Well, for sure, Westpac Banking Corporation is a big part of the reason. Westpac has an office in Mumbai that offers excellent work in trade finance, investment banking, and corporate banking. They are the bank that companies use to deal with money moving between these two countries. Westpac is also a big believer in going digital, and that’s the very reason why it is always improving its banking services to meet its customers’ changing needs.
4. Linfox Logistics
Let’s move things along! Since 2006, Linfox Logistics has changed the game in India, quite literally! They are in charge of 1.9 million square feet of warehouse room spread out over 16 sites across the country. Linfox makes sure that everything goes where it needs to go, from consumer goods to industrial goods. What makes them different though? They use cutting edge technology and care about safety. That’s what! And yes, Linfox ensures safe and on-time deliveries with more than 2,500 vehicles in use, making them an important part of India’s supply chain.
5. Macquarie Group
There is one company that is involved in building up India’s infrastructure all over the place, you know? That company is Macquarie Group. Macquarie’s efforts are making the future happen, from building roads to using clean energy. And yes, India’s data skills are improved by their work on digital infrastructure, such as when they bought CloudExtel. And in the energy field, their solar and wind projects are leading the way toward sustainable energy. Because Macquarie is so good at managing assets, they bring foreign investments into India’s growing market.
6. CSL Limited in India
In India, CSL Limited is a biotech giant that is making moves. They’ve grown a lot and are known for their plasma-derived treatments, you know? Talking about something recent, in the first half of 2024, their sales went up by 11%. More people are buying immunoglobulin goods from CSL Behring, and Seqirus’s flu vaccines are improving public health. All in all, CSL is making healthcare in India better than ever by focusing on operating efficiency and market growth.
7. Wesfarmers in India
Wesfarmers Limited is a growing company with a growing presence in India. It is more than just a big store chain. They’re investing in India’s retail market and are known for names like Bunnings and Kmart. Wesfarmers is also making progress in industrial chemicals and fertilizers, which is in line with what India’s businesses need like right now. India’s focus on electric cars makes their move into making lithium even more exciting.
8. Telstra in India
Australia’s biggest telecommunication company, Telstra, is all about new ideas in India. How exactly? Well, ahead of the curve in IoT, 5G, AI, and ML, they have Global Capability Centers in Bengaluru, Pune, and Hyderabad. These centers are where Telstra’s global tech work is done, with a big focus on telecom operations and software engineering. And sure, the Bengaluru-based Telstra product engineering lab is a center for cutting-edge mobile technology.
9. Woolworths Group in India
Woolworths Group is looking for ways to work together with Indian retailers, but they are not currently doing business there. Their plan is very flexible and includes everything from groceries to household goods to even financial services. Sure, India’s e-commerce boom goes hand in hand with Woolworths’ digital push. By buying MyDeal.com.au, Woolworths may have a solid plan to grow their online presence and product line, which makes them an interesting brand to keep an eye on in India.
10. Woodside Energy
Woodside Energy is making big moves in India’s energy field. How though? It is a leader in oil, gas, and new energy projects. Their Scarborough LNG project offers India a lot of LNG, which will help meet our growing energy needs later down the line. And yes, Woodside wants to have net-zero pollution by 2050, which is in line with India’s move toward cleaner energy sources.
Conclusion
There you have it. Sure, there are dozens more Australian companies in India that are pretty well known and are favorites of many clients and customers alike. With the investment from Australia pouring into India’s economy, things are looking pretty good for both nations.