What is there on offer for Indian biotech companies to establish bases in Australia?
Glenn Cross: The Australian biotech industry, according to the annual global report by Ernst & Young, is the sixth largest in the world. You have already looked at opportunities in Canada, US, UK and France. Australia is the next major industry. We think there are many opportunities for Indian companies. First advantage is we have a common language and a common game like cricket. We are Commonwealth countries with a long heritage. We already have tens of thousands of Indian student studying science in Australia. We have some majority universities in the trade mission who offer courses in Biotechnology to Indian students. We see a close relationship developing over the years. The major advantage Australia can offer is sophisticated western health care system that enables you to do another level of clinical trials. We see India as an excellent area to do early clinical trials where you need large population. Australia is also a good place to develop quality standards to meet the regulato
