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

 


Economic trade between New Zealand and India

INZBC Summit calls for Innovation to increase bilateral economic trade between New Zealand and India.


India New Zealand Business Council has called upon businesses to be innovative as the Indian economy grows under the leadership of Prime Minister Modi. And to support this, Minister of Tertiary Education, Skills and Employment Hon. Steven Joyce announced the launch of India New Zealand Sports Scholarship.

‘Business Beyond Barriers Summit’ and Gala dinner, was hosted by the India New Zealand Business Council to celebrate its 25th anniversary, took place on 8 July at the Pullman Hotel in Auckland. Speakers included Hon. Tim Groser – Minister of Trade; Indian High Commissioner to New Zealand H.E. Ravi Thapar; Andrew Paykel of Fisher and Paykel and Peter Bull of Education New Zealand, Tim Ng of The Treasury, Paul Hunt of CMC Limited, Warren Young from Zesprie, John Monaghan from Fonterra, Clayton Kimpton from New Zealand Trade and Enterprise, Brett O’Riley from ATEED to name a few.

Welcoming the delegates, the Host and Chairman of INZBC Sunil Kaushal stated that ‘businesses need to be innovative to grow in India through partnering with local Indian partners’. “A shift in political tectonic plates” is stimulating new opportunities for the business and trade relationship between India and New Zealand, Hon. Tim Groser, Minister of Trade said at the 2014 Business Summit.

His Excellency Indian High Commissioner Ravi Thapar said that “Everything about New Zealand seems to be about generating better trade relations. [New Zealand] has mastered the techniques of how to get the best produce, land, agriculture etc.,” Mr Thapar spoke warmly about New Zealand, describing Aotearoa as an innovative land, continuing to say that “New Zealand should be branded as a country of innovation, as a country who gives a lot of importance to manufacturing”. The Free Trade Talks lead negotiator for New Zealand Mr. Rupert Holborow described the political changes in India by acknowledging that the world is watching to see what road India takes with its new trade policies, and what impact this will have on New Zealand’s trade relationship with India.

Later in the evening, New Zealand Prime Minister Rt Hon John Key was joined by Sir Richard Hadlee, Patron of India New Zealand Business Council and Ambassador for the ICC Cricket World Cup 2015. Mr Key spoke of the impact of the new Prime Minister in India, and the potential for a Free Trade Agreement, saying, ‘’I think the real challenge for New Zealand is going be being as aggressive as we can be to get an FTA with India”. His closing remarks summed up the current position of India by saying, “Change is coming to India”, change that we all observe with great hope and bated breath.

Mr Hadlee offered advice to New Zealand companies venturing into Indian markets, saying, “be committed and don’t just dabble, make the decision and just go for it. Back up your product or service with technology, expertise and some of your own staff on the ground.”

Highlights included the unveiling of the INZBC New Zealand Post stamp by the Prime Minister. The stamp design is culturally rich, displaying the words “Kia Ora” written in Hindi.

With 25 years under their belt, the India New Zealand Business Council looks towards the future with great hope and expectations for continued trade development between India and New Zealand.

-ENDS-

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Air NZ Wine Awards: Victory For Villa Maria As Pinot Noir Thrills

It was a night to remember as Villa Maria Estate picked up one of the highest accolades of the evening, the O-I New Zealand Reserve Wine of the Show Trophy, at the 28th Air New Zealand Wine Awards. The Villa Maria Single Vineyard Southern Clays Marlborough ... More>>

ALSO:

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>>

Get More From Scoop

 
 
Standards New Zealand

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