Deakin University and the Indian Institute of Technology Madras are planning a new centre of excellence in metallurgy and additive manufacturing following the announcement that Indian software group Ramco Systems is also opening an innovation hub in Victoria.
Ramco has confirmed it will set up a Workforce Innovation Centre, based in Melbourne, geared towards the development of artificially intelligent technology.
Victoria’s minister for Trade and Investment Philip Dalidakis made the announcement at the company’s Chennai headquarters, also revealing a collaboration between the two universities.
In addition, the new Deakin IIT Madras Centre of Excellence in Metallurgy and Additive Manufacturing will build on the 10-year relationship between the two institutions and will offer PhD programs which drive research in light, strong and high temperature materials.
India and Sri Lanka are key markets for Victoria’s international education industry, with more than 200,000 Indian students seeking education in Australia over the last decade.
Victoria estimates its trade ties with India will represent almost $1 billion over the next decade.
Dalidakis also met with key Indian business leaders including biotech pioneer Dr Kiran Mazumdar-Shaw, the recently announced Victorian Business Ambassador whois already connecting local businesses with the Indian health and biotech sectors so they can expand into new markets and create local jobs.
“While our relationship with China is important, we need to diversify and create new partnerships throughout South Asia so that our economy can continue to grow,” Dalidakis said.
“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.”