Transcript PowerPoint presentation template

Doing Business
in NSW
UK Trade &
Investment
Webinar
Presented by:
Michael Boyle
Acting Director, Priority Markets & Partnerships
NSW Investment & Export Services
17/06/13
About: NSW Trade & Investment
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NSW economic development agency
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Promotes trade and investment locally and internationally
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Collaborating with industries and R&D institutes
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Key Performance Areas:
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Increase productive investment (capital inflow),
Create and retain jobs
Develop export capability and outcomes
Assist businesses innovative and become high growth SMEs
Our priority sectors
How we determined our priorities:
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Demands/needs of the market
Sector strength – exports and FDI
High growth potential
NSW competitive advantage
Sectors of current focus:
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Professional services – finance
Advanced manufacturing
Digital economy
Infrastructure and construction
Education and tourism
Clean technology
Mining
Agribusiness
How we assist clients
Investors
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Connect investors with qualified opportunities
Tailored information based on client needs (e.g.: market
research, site visits, introductions)
Facilitate liaison with government departments/agencies
Exporters
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Connecting companies to export opportunities
Export Workshops – planning, marketing, resources,
market visit, market information and export procedures
Targeted trade shows, setup stands, promotions,
business matching, networking functions
Innovation – Innovate NSW
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Grant programs to promote business links to R&D and
for customer-led innovative product development
How we assist clients
 Sourcing clients – companies direct, peak bodies, events
 Servicing clients
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Market data and information
Facilitate innovation/collaboration (incl. AusIndustry, ARENA etc.)
Navigating government and regulatory issues
Market investments (FDI and local) – forums, missions, collateral
 Build capability
– export readiness, link to Enterprise Connect and others
 Industry development
– Input to policy development (IAPs, EAP, REAP)
– Supply chains
• Promote awareness of local capability - Prime’s (with ICN), government (eg
defence)
• Facilitation collaboration and address barriers
ABOUT:
SYDNEY AUSTRALIA
NSW Accessible to the World
Sydney has Australia’s busiest airport
40%
of Australia’s international flights
1000+
Flights operating per week
250+
Flights per week to Asia
35+
Flights per week to UK
35
International carriers
NSW Preferred by Blue Chip Companies
600+
Multinationals have their regional HQ in Sydney
Of top 500 blue chips are based in NSW
Sydney has cheaper industrial property than
Singapore, Hong Kong and Tokyo
NSW economy
Australia’s Largest State economy
(and larger than Thailand, Malaysia,
Hong Kong, Singapore and
Philippine’s).
Australia’s largest population.
57% of working age population has a
tertiary degree.
Reliable location to expand a
business.
Reliable Government to do business
with.
Notes
Source data: ABS 5220.0, Australia’s National Accounts
Figures are in $US (US$1.04 = A$1)
Comparative size of the NSW Economy
Gross Domestic Product of Major Asian Economies, Australia and NSW, 2011
Gross Domestic Product of Major Asian Economies, Australia and
NSW, 2011
China
Japan
India
Australia
Korea
Indonesia
Taiwan Province of China
NSW*
Thailand
Malaysia
Hong Kong SAR
Singapore
Philippines
0
1,000
2,000
3,000
Source: IMF, Strategic Policy & Economics
* NSW based on share of GDP from State Accounts for 2010-11
Source: IMF, Strategic Policy & Economics
* NSW based on share of GDP from State Accounts for 2010-11
4,000
5,000
6,000
7,000
8,000
$US billions
NSW Multi-skilled, Multilingual workforce
7.3m
55%
32%
200+
People in NSW
of the working age population are tertiary qualified
Sydneysiders speak a second language
language spoken in Sydney
Ease of Doing Business
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Ranks 10th of 185 economies overall, 2nd in the number of days needed
to start a business (after New Zealand).
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The strength of legal rights index was rated high (9 out of 10), credit
information is deep with an index of 5 out of 6, and the private credit
bureau coverage was among the highest at 100 per cent of adult
population.
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Australia was also recognised for strong business practices in areas
such as enforcing contracts and trading across borders.
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The time of enforcing contracts in Australia was estimated to 395 days.
This was much shorter than the average figures of the OECD and East
Asia & Pacific countries of 518 and 519 respectively.
Sources: The World Bank and International Finance Corporation, Doing Business 2012: Doing business in a more transparent world; Austrade .
A partner for growth in Asia
Sources: Department of Foreign Affairs and Trade, Trade and Economics Statistics, Australia’s trade in goods and services (last updates 15 May
2012); Credit ratings sources from Moody’s Investor Services
Time Zone Advantage
OVERVIEW OF
PRIORITY SECTORS
Why Australia for ICT
Australia is a leading ICT and digital economy in the Asia-Pacific and globally. Latest
rankings have Australia as:
1st
most competitive ICT economy in the Asia-Pacific (seventh globally)1
1st
in ICT infrastructure in the Asia-Pacific (eighth globally)1
2nd
in the Global Cloud Computing Scorecard (behind only Japan)2 which
3rd
in the Asia-Pacific digital economy rankings (ninth globally).3
1.
2.
3.
measures readiness of countries to support the growth of cloud computing
Economist Intelligence Unit, E-readiness (latest release, 2009)
Business Software Alliance (latest release, 2012)
Economist Intelligence Unit, Digital economy rankings (latest release, 2010)
Australia’s ICT spending has grown significantly
and is becoming more sophisticated
“Australia is an extremely attractive investment destination given
the growth in domestic demand for data centre capacity and also
the geopolitical benefits it offers to multinational companies”
The total ICT market in Australia is worth in
excess of $120 billion.
- John Corcoran, Executive Chairman, Global Switch (2013)
In the five years to 2010, the ICT sector’s
annual growth rate averaged 8.5%,
outstripping the US, UK, Japan, South
Korea and Taiwan.
The ICT sector is a key enabler of many
significant industries (such as mining and
financial services) that comprise Australia’s
US$1.5 trillion economy (12th largest in the
world1).
1. International Monetary Fund, World Economic Outlook Database,
October 2012.
1. Annual total to June each year
Sources Australian Bureau of Statistics, Cat.No.5204.0 Australian
System of National Accounts, Time Series Workbook, Table 5
(released 2 Nov 2012); Austrade
Technology Trends
Cloud computing
Mobile Devices
 High virtualisation in Australia and
concerns about off-shoring data and
latency
are
driving
domestic
investment
 Australia's cloud-computing market
was worth US$882.4 million in
2012, growing at 40.3% per year.
 Australia is the second highest
smart phone saturation in the
world behind Singapore.
 By 2017 90% of enterprises will
have two or more operating
systems to support
Big Data/ Analytics
Security
 Strong
uptake
from
finance,
insurance, banking, marketing and
social media firms
 Challenges include ownership of
data, organisational change, access
to skills and evaluation technology
 Security investments will grow
by 56% in the next three years.
Cloud will triple.
 Cloud,
mobility,
identity
management and BYOD are
key concerns
Gartner IT Forecast 2012
^BSA Scorecard
*Frost & Sullivan: Australia Leads Cloud Adoption in APAC, 2012
Major companies in NSW
NSW ICT Infrastructure
Mobile
NBN
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(National Broadband Network)
 $36 billion Commonwealth project to
deliver high speed internet to 93% of
Australia.
 On completion, Australia will rank in the
top five nations with the highest
proportions of households connected
to broadband.
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Telstra launched its 4G/LTE
service in September 2011.
Telstra has said it will cover 2/3
of the population by mid 2013.
Telstra, Optus, Vodafone plan to
spend ~$6 billion on 4G
infrastructure by 2015
Data Centres
Fibre
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Strong investment in last 10
years
Based on Alexandria, Sydney
CBD, North Ryde and Western
Suburbs
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Nine international fibre optic cables
land in Sydney, linking Australia to the
US, Europe and Asia.
The only other landings are in Perth,
WA
ICT Clusters in Sydney
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Macquarie Park
North Sydney
Sydney CBD
Redfern
Infrastructure and Construction
 High level driver - ~$20 billion in public and private infrastructure
needed per annum for the next 10 years.
 Great opportunity for FDI and for local firms in supply chain
 Drivers
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Public sector demand for new assets
Mining boom
Increased privatisation of Government assets
Congestion, particularly around Sydney Port
Regional freight challenges, particularly with rail.
Infrastructure work in NSW
$5,000
public sector
infrastructure
project work
Investment (2002 – 2012)
$4,140
$4,000
$3,211
$12.1 Billion
$988
$1,000
$328
er
Ot
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nd
u
Te
lec
o
W
s tr
mm
.
r
ate
cit
y
Ele
ctr
i
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ge
s,
Br
id
$1,000
$707
$348
$757
$356
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u
avy
i
He
r
Ot
he
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.
mm
Te
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o
Wa
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Ele
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cit
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$0
or t
$0
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
$1,441
$903
dp
$2,000
$8.9 Billion
$2,000
an
Private sector $4,000
$3,000
a il
$6,000
$4,000
ges
,r
$8,000
private sector
infrastructure
project work
$4,421
ds
Public sector
$5,000
Ro
a
$10,000
Bri
d
$12,000
Value of work done
($ million)
ra
il a
$16,000
nd
Ro
a
po
ds
rt
$0
$18,000
y
$124
av
yi
$20,000
$14,000
$2,944
$2,000
$22,000
Total NSW
$3,330
$3,000
Advanced Manufacturing
 Industry worth >$30 billion pa and employs ~300,000 people in NSW
 Priority sectors not limited to:
– Clean energy and clean technology
– Defence
– Agri-food/ F&B
– Machinery and advanced metals
Food and Agribusiness
 By 2020, the sector is expected to grow by 35.9% in NSW
 Food exports total $4.2b and grew at an average rate of 5% p.a over
the past decade
 Key competencies in NSW:
– NSW food processing R&D is $153M, the greatest of any Australian
State
– NSW is the only Australian State with a fully integrated food safety
regulatory system
– World class expertise in sectors such as dry land agriculture, low
carbon farming, sustainable agriculture, genetic resources and plant
and animal health
Program in development
Supply Chain Accelerator pilot
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Buyers forums
Clustering/network development
Exports – market entry assistance
Food industry hub
Thank you
Contact details: Michael Boyle
Acting Director – Priority Markets & Partnerships
+61 2 9338 6605 / [email protected]