Indian-origin industry experts in Australia have brushed aside speculations of any adverse impact on bilateral trade relations in the backdrop of recent attacks on Indian students in Australia.
Denying any adverse affect on business relations, Primus CEO Ravi Bhatia said, "Such crimes have been wrongly dubbed by the Indian media as 'an organised and planned racial violence.'" He described such incidents as serious law and order issues.
"Fortunately, it is now being recognised in India that there was an over-reaction there and Australia remains one of the best potential business partner for India," he said.
He added that the worst was over and businesses in Australia as well as both governments at various levels were doing their utmost to fully realise the potential of the bilateral business relationship.
"There would be no long-term and lasting impact on the business ties of the two sides and there was no impact so far on Australia's attitude towards investing in India," he said.
Echoing similar views, Harish Rao, Australia India Business Council President and Asia Pacific Head of Sundaram Finance, said, "Such attacks would not impact on business ties."
Rao, however, warned that while long-term trade was very much based on perception, a cautious approach was needed. "We need to be watchful on the trade relationship," he said.
