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


New Government in India brings hope for better trade ties

New Government in India brings hope for better trade ties with New Zealand

The new Modi government in India appears to support improvements to bi-lateral trade, judging from the positivity shared by Associate Minister for Tourism, Hon. Todd McClay, Grahame Morton (NZ High Commissioner to India) and Richard White, NZTE Trade Commissioner for India. All three spoke at 2 separate events held by INZBC last week.

All three speakers had shared their optimism, that the new government would bring the necessary impetus to the economy and boost International trade.

Tourism Seminar by INZBC
Speaking at the Business Beyond Barriers seminar, organised by India New Zealand Business Council on 19th May, Todd McClay emphasised that "with New Zealand hosting about 32,064 visitors from India annually, tourism with India features as a top priority for the government" [figures for the year ending March 2014, up almost 7 per cent on the previous year]. "This is recognised in the additional funding that the Government provided to Tourism New Zealand in the 2013 Budget to establish or strengthen its presence in emerging markets", said Mr McClay.

The Indian visitor spends on average NZ$3680 per person (excluding airfares) whilst in New Zealand.

"Emerging markets, such as India, offer substantial growth opportunities given their increasing wealth and closer proximity to New Zealand compared with many of our traditional source markets." Mr McClay also confirmed that the upcoming 2015 Cricket World Cup will be a priority to boost tourism.

The Prime Ministers of Australia and New Zealand have agreed that people travelling to both countries for the event will only need to apply for one visa. This visa will streamline procedures for genuine Cricket World Cup spectators and participants.

NZTE trade commissioner for India, Richard White also advised NZ companies to make best use of the 2015 Cricket World Cup to increase their influence in India.

He said, "We've got firms doing really good things in food and beverage including important horticultural products like kiwifruit and apples, and in the past year, thanks to great work by MFAT and the Primary Industries Ministry, access for lamb and avocadoes has also improved."

"These products and others like wine, chocolate, ice cream and cheese are mostly high end, premium products for which there is increasing demand thanks to the rapidly growing number of wealthy and well-travelled Indian consumers."

According to Richard, other firms that are active and enjoying success in business with India are: agritech, ICT, medical devices, aviation and advanced manufacturing, as well as the important primary sector commodities such as coal, timber and wool, which are still the major contributors to our export figures.

Sunil Kaushal, Chair INZBC believes India represents a significant future opportunity for the visitor economy, including tourism and education. The middle class in India is growing at 50million per annum and represents a significant opportunity.

INZBC supports the current proposed Singapore Airlines / Air NZ alliance agreement and calls upon both the governments to expedite this for the economic benefit of both countries", said Sunil.

The recent Trip Advisor survey in India indicated that NZ was the top destination for Indian surpassing countries like France and Switzerland – the ideal holiday destination for many Indians over recent years.
Sunil said that INZBC also lobbied with Immigration NZ to allow one visa for the Indian tourist during the 2015 world cup and this will certainly help boost our tourist numbers.

Grahame Morton speaks to INZBC members

The new NZ High Commissioner to India also met India-NZ industry members and the members of INZBC at a breakfast event, on 23 May.

Grahame was of the opinion that the new government will be helpful in driving growth and expand bi-lateral ties.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Postnatal Depression: 'The Thief That Steals Motherhood' - Alison McCulloch

Post-natal depression is a sly and cruel illness, described by one expert as ‘the thief that steals motherhood’, it creeps up on its victims, hiding behind the stress and exhaustion of being a new parent, catching many women unaware and unprepared. More>>


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news