The New Colombo Plan is a partnership between government, universities and the private-sector to provide a new generation of Australians with direct experience of living, studying and undertaking work placements in the Indo-Pacific.
Doing business in the fastest growing region in the world means developing teams with the capability to work in the Indo-Pacific region has become a strategic business issue. Building a team capable of operating in the region is essential to identify and enter new markets; better manage culturally diverse teams, and achieve outcomes in foreign business environments.
The Australian Government’s signature initiative, the New Colombo Plan (NCP), seeks to address this issue by boosting the number of Australian undergraduate students who live, study and work in the Indo-Pacific. By doing so, they build Australia’s ability to do business in our region.
By the end of 2016, around 10,000 Australian students will have been supported to live, study and work in the region under the NCP. The numbers will continue to scale up.
The Australian Government is encouraging businesses to become a part of the NCP. By offering internships and mentorships overseas, businesses benefit by harnessing the skills of talented young Australians for specific projects; accessing graduates and their networks who may be valuable future employees; developing graduates with the skills and experience Australia needs to do business internationally and enhancing the business’s brand by joining the future of Australia’s engagement with our neighbours.
For more information about this project, click here.