ECT_Rep - Q&A - Voluntary Suspension, page-43

No one is denying the past, which is basically what that statement is, but I took a few other grabs from that page.

For Australian companies with a global focus the key question is whether they can afford not to be in what is the fastest growing large economy in the world.

There is no market over the next 20 years which offers more growth opportunities for Australian business than India.

The transformation of the Indian economy is underway. Its progress will be uneven but the direction is clear and irreversible.

A long view is important for any strategy. For India it is essential. India is a market which requires patience, perspective and preparation. Change in India is often invisible to the naked eye.

That is one reason why perceptions of India in the Australian business community are caught in a time warp: largely unaware of the significant positive changes taking place in India and shaped by a 'once bitten twice shy' perspective.