Australia continues to be one of the leading exporter of wines to India by value and by volume. According to Wine Australia, for the year ending December 2018, Australian wine exports to India grew in volume and value by 50% and 52% respectively. And a fair portion goes from South Australia – Penfolds and Jacobs Creek being pretty familiar names among the Indian wine connoisseurs.
There can be further business opportunities with India in areas of resource and energy, argi-business, water and environmental management, aerospace, defence, advanced manufacturing and most importantly in tourism. During pre-covid time, the state received an increased number of visitors from India
South Australia today presents an ideal climate for business investment by virtue of which it’s home to some pioneering enterprises and exciting new industries in multiple sectors from space and health to artificial intelligence, innovative learning and renewable energy.
Worth noting some of the recent achievements.
While Fleet Space – an agile South Australia based space company – made history by launching Australia’s first four nano-satellites, entrepreneur organisations like Life Whisper in the health sector with its ground breaking technology has gifted new hope to improve pregnancy rates with a cloud-based artificial intelligence system. Micro-X ,another ASX listed entity in the health sector has been drawing attention by driving the global revolution in medical and security imaging products using cold cathode x-ray sources.
South Australia is leading the nation in renewable energy, growing from virtually zero renewable energy production in 2003 to approximately 2,000 MW of installed wind, and over 1000 MW of solar PV generating capacity in 2018-19. Renewable energy is making a valuable contribution to reducing greenhouse gas emissions and developing a sustainable future for all South Australians.
The state’s current Hydrogen Prospectus portray an epic future for renewables.
The three listed hydrogen hubs dot South Australia at the forefront of global clean hydrogen production and exportation.
In this context the state’s battery storage system needs to be mentioned as being a pioneer in storage technology. At 100MW/129MWh, its Hornsdale Power Reserve is the largest lithium-ion battery in the world. The 50MW/ 64.5MWh expansion, currently under construction, will further showcase the complete benefits that grid-scale batteries can provide to the National Electricity Market (NEM) and Australian consumers.
South Australia’s two renowned education hubs – The University of Adelaide and University of South Australia is thriving with research activities. The Andy Thomas Centre for Space Resources brings together the University of Adelaide’s collective exploration, mining, manufacturing and engineering research strengths to address the challenges faced by long term planetary exploration, while ensuring the near term application here on earth.
Any outsider, after noting all of the research and pioneering activities can possibly nick name the state as the ‘Research Hub’ of the nation.
The South Australian government is motivating this research and innovation-driven business enthusiasm. Establishment of Lot Fourteen within the heart of Adelaide City and Tonsley Innovation District around 10km south of the city-centre demonstrates the government’s commitment to attract the world’s best talents.