Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


INZBC builds confidence for doing ‘Business Beyond Barriers’

7th February, 2014

INZBC builds confidence for doing ‘Business Beyond Barriers’

The food processing industry in India, with a growth of 13% per annum, emerged as one of the most lucrative industries for Kiwi investment in India, in the ‘Business Beyond Barriers’ seminar held by INZBC. This came as part of Dr. Devi Singh’s submission to the audience of industrialists and international business experts at the seminar held at PwC towers on 3rd Feb.

Clayton Kimpton, Regional Director – India Africa & Middle East for New Zealand Trade & Enterprise (NZTE) and Dr. Singh, were speaking at the first part of this series held on Monday, at the PWC towers, Auckland. Their focus was on removing the myths of international business and talking about the hidden opportunities in trade with India.

Dr. Devi Singh is the Director of India’s premier management institute, Indian Institute of Management (IIM) Lucknow. He is currently serving his second term as Director of the Institute, and is a well-known Professor in the area of International Finance & Management.

Dr. Singh reiterated that India has high volumes of production in food, livestock and dairy. However the gap is in the lack of infrastructure in food processing, storage and transportation. Due to which a big proportion of products are lost before it can be bought by the consumer. This area is of great value proposition to the Kiwi companies looking for opportunities to expand in India.

“Although the overall food situation in the country has undergone drastic changes, from recurring scarcity to a food surplus situation today, the Public Distribution System – the backbone of household level food security – continues more or less unchanged since its establishment”, said Dr. Singh elaborating on the gap that needs to be filled.

Clayton Kimpton, the Regional Director at New Zealand Trade & Enterprise (NZTE) also spoke at the event. He cautioned New Zealand companies that India was a market for the long term and not for gains in the short term. Clayton said that recently there has been a fall in the India-NZ trade due to the sharp rise in the value of the rupee and thus it was important to diversify trade from just primary to other sectors. He said, “Kiwi goods and brands should be seen as a premium product and not be competed against the local products that may be cheaper in price.”

Mr. Kimpton encouraged prospective investors to get in touch with the NZTE team, who has experts operating from the Delhi and Mumbai offices. They can better guide the New Zealand companies in the right markets and help Kiwi’s get a better understanding of the Indian business scene.

Keeping in with their aim of building business relations between India and New Zealand, the India New Zealand Business Council (INZBC) has started a series of lectures, in that direction.

“The main purpose of this event is to get the industry moving from both sides of the world”, said Sunil Kaushal, Chairman, INZBC. He said that the organisation is planning more events like these that will help introduce the kiwi businesses with the opportunities and challenges of doing business with India. Getting experienced and knowledgeable speakers from India, like Dr. Devi Singh helps the interested parties to hear from the horse’s mouth, as it were.

With a good participation and an engaging discussion, the attendees liked the event and would be looking forward to more meaningful engagements like this one.

About INZBC
Since 1988, the India New Zealand Business Council (INZBC) has promoted and encouraged trade in goods and services, investment, scientific, technical and economic cooperation between India and New Zealand. INZBC is a member-based independent organisation, not-for-profit incorporated society, which exists for three purposes:

• To lobby and inform government on trade-related matters
• To disseminate information and know-how on doing business between the two countries
• To facilitate business development on behalf of members through leveraging networks

www.inzbc.org

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Gordon Campbell: On The Australians Scoring Trade Points Against Us With The Chinese

It hasn’t been a great year for Trade Minister Tim Groser... To top it off, Australia has just signed a FTA with China that has far better provisions on dairy exports than what New Zealand currently enjoys in our own FTA with China. More>>

ALSO:

Iwi & Local Consultation: Oil And Gas Block Offer 2015 Begins

Energy and Resources Minister Simon Bridges today announced the start of the Block Offer 2015 process for awarding oil and gas exploration permits. More>>

Industrial Action: Stats NZ Throwing Public Money Away Duplicating Data

The Public Service Association (PSA) says Statistics NZ are throwing money away by collecting the same data twice for official statistics such as the Consumer Price Index... As part of the ongoing industrial action, field interviewers who are PSA members are continuing to collect data, but are not sending it through to Statistics NZ. More>>

ALSO:

Other Stats:

Space: Rosetta's 'Philae' Makes Historic First Landing On A Comet

After more than a decade traveling through space, a robotic lander built by the European Space Agency has made the first-ever soft landing of a spacecraft on a comet. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news