Workshop on boosting

India-NZ trade ties held in Wellington

Indian High Commissioner Neeta Bhushan hailed the recent visit to New Zealand by Indian External Affairs Minister S Jaisankar as a signal that the two countries were “poised for massive growth in the coming months and years.”

She was addressing participants at a well-attended workshop, themed India Unplugged: Export–Import Pathways, conducted by the India New Zealand Business Council (INZBC) at the Indian High Commission in Wellington on November 25.

The initiative was spearheaded by Second Secretary (Political and Commercial Representative) Manoj Kumar Sahu on behalf of the Indian High Commission, Wellington.

High Commissioner Bhushan noted there was “political direction” coming from New Delhi to strengthen ties between the two countries, with their respective defence ministers engaging to discuss maritime cooperation on the sidelines of a multilateral meeting in Cambodia recently, which followed on the heels of the Indian Naval Chief’s visit to NZ and the signing of a White Shipping Agreement.

High Commissioner Bhushan projected India as one of the fastest-growing large economies, with a growth trajectory of around 7.12 per cent for the next few years.

India offered stability when other parts of the world faced economic and political uncertainty, she noted.

Patrick Kouwenhoven, head of Infosys NZ, picked up the thread from the high commissioner’s speech and eyed India as a prime target for tech exports.

He said India was poised to become the world’s most populous country in two years’ time.

India was also “younger” than China, with an average age of 28.4 years (10 years younger than China).

The Infosys NZ head made the striking projection that tech exports from NZ would surpass dairy exports by 2027.

Hayden Douglas of the Bank of New Zealand (BNZ) dwelt on the “supply chain pain” experienced by businesses during the pandemic in the areas of procurement, manufacture and sale of products, both offshore and in New Zealand.

Rachael Kerr of New Zealand Trade and Enterprise (NZTE) explained the agency’s role in helping NZ businesses move their goods and services around the world. The agency helped businesses “grow their capability and improve their global reach, invest in growth and connect to other businesses.”

See full article here: https://www.indianweekender.co.nz/Pages/Articl eDetails/7/21031/new-zealand/workshop-onboosting-india-nz-trade-ties-held-in-wellington