BENDIGO is in a strong position to take advantage of the growing prosperity of Asia, according to Bendigo Business Council executive officer Patrick Falconer.
A Deloitte report says Australia and Victoria are well-place to take advantage of future growth sectors in the next 20 years.
It notes growing Asian wealth will create demand for Australian food with gas, tourism and international education other important sectors.
Mr Falconer said Bendigo could benefit from the growing Asian economy.
“Bendigo is well positioned being geographically in the centre of the state,” he said.
"It has a very fast corridor to Melbourne in terms of road and rail links which will only be improved with the completion of the Regional Rail Link.
“The food bowl argument with Asia is that its population is constantly growing and they want to enjoy the same foods that the rest of the world enjoys.
“There’s great potential in agribusiness.”
Mr Falconer said upgrades at Bendigo Airport, which need government funding, would also create opportunities in the region.
“We keep on talking about passenger aircraft, but it will also be a great opportunity for freight,” he said.
“You would be able to get air freight to and from other airports quickly and get our food delivered in the same day.
“The tourist travellers will still probably go to Tullamarine and get cheaper airfares.
“But we will be able to get business people flying in directly from Sydney and Adelaide.”
The report’s co-author Chris Richardson said Australia’s economy would be less reliant on one sector.
"The next wave of Australia's prosperity will come from sectors that are much more evenly distributed across Australia than the minerals are,'' he told Fairfax Media.
''Asia's demands will widen out from iron ore and coal to a bunch of other things.”
-with Tim Colebatch from The Age