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

 


Tapping India’s market footprint

INZBC Press Release
31 March 2014
For Immediate Release
Tapping India’s market footprint

“Two ends of a book’, is how Peter Dunne, Minister of Internal Affairs, described the ties between NZ & India. He was speaking at India New Zealand Business Council’s seminar, ‘Business Beyond Barriers’, at Grant Thornton, Wellington. Mr. Dunne reiterated the need for increased economic, cultural and sporting ties between the two countries.

The India New Zealand Business Council held it’s second chapter of series of seminars – ‘Business Beyond Barriers’, on 26th March, 2014. The key note speakers were Hon. Peter Dunne (Minister for Internal Affairs) and H.E. Mr. Ravi Thapar (Indian High Commissioner to NZ).

Welcoming the High Commissioner, Minister and the members, the Chair Sunil Kaushal, shared how the members have been continuing to expand their business ventures into India without a FTA being signed between both the countries. “FTA is just one of the tools to increased trade and not the only tool”, said Sunil, stressing that more focus should be towards moving on with trade to be done between businesses in NZ and India.

Hon Peter Dunne also congratulated the INZBC for working tirelessly to increase these relationships between India-NZ businesses. He said it was important for NZ to recognise the potential of the Indian economy and work to have closer ties.

On this occasion, the new Indian High Commissioner was also facilitated by INZBC Chair and Treasurer upon his appointment. Mr. Ravi Thapar has taken over the office of the High Commission in early January this year and is since then meeting crucial people and organisations that can make a difference to the bi-lateral relations. All indications show that he means business.

Mr. Thapar shared insights about various fields that India-NZ can collaborate, to tap into the strengths of both countries. “We should work with the positives of both sides, like taking NZ's IP and using India's market footprint”, said Thapar, while reiterating that India’s market footprint is huge and creates great potential for NZ companies to work with.

Taxation in the vast Indian market can be very complicated and can sometime be a daunting task says Greg Thompson, National Director, Tax at Grant Thornton NZ Ltd, who gave a brief overview on the footprint of Grant Thornton in India.

Closing the talks, Bhav Dhillon treasure of INZBC called upon the members to continue to explore the emerging Indian market and seek guidance from agencies such as INZBC and NZTE.
This was the second chapter of talks with policy makers and business leaders that INZBC organises for the benefit of its members and industry in general.

Earlier INZBC members also called upon the Indian High Commissioner at his office in Wellington and discussed at length on collaborative areas between both the countries. Aviation, Education, IT, Agri were some of the sectors that were discussed including the need for a direct or code share flight between both the countries which will enhance tourism and trade.

INZBC Chair, Sunil Kaushal said, “these sessions are important to bring the industry and policy makers closer, for better understanding of each other’s needs. This is one of the main goals of INZBC, which we as an organisation are working towards.”

“INZBC is working towards more such events in the future, that will help the bi-lateral trade”, said Sunil.

-ENDS-

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news