Toro Energy CEO chosen to represent Australia in India

Prime Minister Tony Abbott has appointed the head of uranium developer Toro Energy to the Australia-India CEO forum.

The CEO Forum is a high level business group jointly appointed by Abbott and the Indian Prime Minister, Shri Narendra Modi, to help drive the bilateral economic relationship between Australia and India. 

The forum will be made up of 10-15 business leaders who will provide advice to both Prime Ministers on issues of trade, investment and economic development.

It comes after Abbott signalled he was keen to secure a free trade agreement with India this year.

CEO of Toro Energy Vanessa Guthrie said she was “honoured” to accept the appointment.

Toro is aiming to be the first uranium miner in Western Australia, and Guthrie said a recent uranium supply deal between Australia and India would be mutually beneficial.

“It (India) is one of the fastest growing global economies and as Prime Minister Modi’s highly successful visit to Australia late last year has demonstrated, India offers a very significant opportunity for sales of Australian uranium,” Guthrie said.

India is Australia’s fifth biggest export market, buying $9.5 billion of goods in 2013.

Guthrie will join Trade and Investment Minister Andrew Robb in India this week to attend the Australia Business Week in India, an event which promotes Australian opportunities to increase trade and investment markets with the country.

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