How India - Real Estate and Infrastructure with Peter Cox

Peter Cox, convener of the Australia India Chamber of Commerce National Industry Group for Real Estate and Infrastructure, shared insights on the diverse organizations in the group. These include companies with real estate portfolios, building construction firms, professional advisors like architects and engineers, and technology firms, especially in prop-tech.

Cox recounted his bold move into the Indian market in 2000, drawn by growth potential as his consultancy hit a glass ceiling in Australia. Initially, he explored Southeast Asia, but India emerged as the target due to specific invitations. His company was the only one from a six-company consortium to invest in India, a decision driven by opportunity and relationships.

Despite efforts, Australian businesses have shown reluctance to enter India due to concerns about corruption, safety, and profit repatriation. Cox emphasized showing companies the opportunity by facilitating meetings with potential clients, staff, and suppliers to ease doubts.

He addressed Australia’s limited foreign direct investment (FDI) in India compared to other countries like the US, UK, and Germany. He cited expectations for easy market entry and lack of perseverance as barriers. However, he shared a success story where a one-week exploratory mission in India resulted in four tangible opportunities for Australian companies.

Cox highlighted India's real estate sector, expected to grow from $300 billion to $1 trillion by 2029, supporting 70 million jobs. He believes Australian investors should pay more attention to this booming sector. While FDI in India is regulated, it is not as restrictive as other markets, allowing companies to own commercial and residential property.

Cox's own consultancy, now three years old with 60 staff, is involved in large-scale real estate projects, handling millions of square meters in both commercial and residential developments. He invites interested parties to connect through the Australia India Chamber of Commerce.

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