Friday, 16 August
’Huge opportunities’ for NZ firms doing business in India
ANZ has released its second Insight paper on doing business in India, highlighting the opportunities for New Zealand businesses in protein exports, education and tourism.
The paper, Thinking India? Think Long Term, was launched at a function in Auckland attended by Members of Parliament Kanwaljit Singh Bakshi and Mark Mitchell, and officials from New Zealand Trade and Enterprise and Ministry of Foreign Affairs and Trade.
Currently, forestry and dairy are New Zealand’s biggest exports to India, New Zealand’s seventh biggest export market and a country whose economy is expected to grow five-fold over the next 20 years.
The insight paper identifies other export sectors with significant potential for New Zealand - agritech, food and beverage, tourism, education, healthcare and construction.
“Since 2008, exports have grown by 160 per cent, to over $900 million, and there is every reason to believe the opportunities will grow further,” said Mark Hiddleston, ANZ General Manager Auckland and Northland, Commercial & Agri.