Investment has also accelerated and Australia is now one of India's top ten investors. . India is in the process of becoming one of Australia's most important regional and bilateral partners. To sustain its rapid economic development, India requires world class technologies in areas like telecommunications, electric power generation, infrastructure and resource development, and environmental management. Australia is a leading edge competitor in all of these areas. . Already Australia supplies much of India's coking coal needs for its steel industry. .
Australian wool is found in Indian textiles. .
Australian engineers are helping in highway and port developments. . Australian universities and colleges are helping to educate and train Indians. . Australian mining skills and technology are being demonstrated at the Pipawar coal mining project. . Australia has a large foreign banking presences in India, and our environmental, telecommunications and medical technology is now widely used in India. . Australia's largest companies are increasingly involved in India.