INZBC Annual Report 2022

Annual Report 2022

An overview of all the activities for the year 2022.

About INZBC

Since 1988, the India New Zealand Business Council (INZBC) has promoted and encouraged trade in goods and services, investmen t, scientific, technical and economic cooperation between India and New Zealand. INZBC is a member - based independent organisation, not - for - profit incorporated society, which exists for three purposes:

• To lobby and inform government on trade - related matters

• To disseminate information and know - how on doing business between the two countries

• To facilitate business development on behalf of members through leveraging networks

INZBC is run by industry leaders of New Zealand, who have years of experience in this sphere, thereby becoming the key stakeholders for International Trade Development of India & NZ.

INZBC has been recognised as the main industry body by both the governments of India & NZ. Almost all of the visiting delegat ion s of Govt. of India have been hosted by INZBC, and we have organised networking events for them.

With over 250 members spanning across various industries, like agriculture, horticulture, dairy, infrastructure, finance, educat ion, tax planning, etc.; the members form the main - stay of corporate leaders of New Zealand.

INZBC holds regular industry events, calling upon specialists and ministers, representatives of NZTE, MFAT, Indian High Commi ssion, etc. for meaningful dialogues within the business community.

INZBC strives to help the industry to engage, interact and grow together.

For further information please see following links: www.inzbc.org | www.inzbusinesssummit.com

The India New Zealand Business Council [INZBC] is the premier trade organisation in New Zealand, which has been working since 1988 to build trade relations between India & New Zealand.

Our Team

BOARD MEMBERS - 2022

Our Team

EXECUTIVE TEAM - 2022

Publications

INZBC takes out a bi - monthly magazine, KiaOra India that talks about all issues relating to India - New Zealand trade.

Events 2022

February 2022

India Budget 2022: perspectives

INZBC held an online discussion on the India budget on 22 Feb 2022.

Keynote address by H.E. Muktesh Pardeshi Indian High Commissioner to New Zealand

Keynote address by Ms. Sai Sudha, Sr. Assistant VP, Invest India

Presentation on: Budget highlights Spotlight on Key sectors & incentives in the budget for Make in India / Investing in India

By: Himanshu Srivastava, Partner, Business Advisory Services, ASA Corporate Catalyst (India) Pvt Ltd.

Panel discussion on the analysis of the budget

Followed by Q&A

Panellists:

• Bhav Dhillon, Hon. Consul of India & Industrialist

• Himanshu Srivastava, ASA Corporate Catalyst (India) Pvt Ltd

• Sai Sudha, Sr. Assistant VP, Invest India

• Yashika Khurana, Senior Manager, Invest India

• Jay Changlani, Director ORB360

Moderated by: Sunil Kaushal, INZBC

Pharma Landscape in New Zealand: Report

Indian High Commission & INZBC Launches white paper on Pharma Landscape in New Zealand

India New Zealand Business Council and the Indian High Commission are proud to present to you our latest publication on the Health and Pharmaceutical Landscape of New Zealand.

This report emerged out of many conversations from our event late last year, held in the midst of a growing need for collaborations between countries to put an end to a pandemic unlike any our generation had ever seen.

Thankfully, we are now in a much better position in recovering from this crisis. It is a testament to the incredible resilience everyone has collectively shown in the face of a crisis like a few others.

In the year 2021, New Zealand imported NZ$ 91.03 million of pharmaceutical products from India, representing 2.3% of total imports of pharmaceutical products. There is a huge potential for growth in bilateral trade in the pharmaceutical sector considering the fact that India enjoys an important position in the global supply.

India is the largest provider of generic drugs globally. Indian pharmaceutical sector supplies over 50% of the global demand for various vaccines. Globally, India ranks 3rd in terms of pharmaceutical production by volume and 14th by value.

This manual is a sincere effort to put together relevant details relating to steps to be taken for exporting medicines to New Zealand and listing of relevant organisations. The report also gives important contact details of key stakeholders in New Zealand.

This publication is an all-in-one guide for all stakeholders in the Pharma sector in India who desire to trade with New Zealand.

Click Here to Read Online: https://issuu.com/inzbc/docs/pharma_report_full_final_v9

Report presented to the Indian High Commissioner, H.E. Muktesh Pardeshi.

Women in Business lead the charge during INZBC panel discussion

India New Zealand Business Council partnered with the Indian High Commission in Wellington, NZ and the Wellington Chamber of Commerce, recently to facilitate an online panel discussion on "Women in Business".

Moderated by Dr. Pushpa Wood ONZM Director, Massey Fin-Ed Centre, Wellington Chapter Head, INZBC, the discussion focused on this year’s International Women’s Day theme of #Breakthebias where the speakers shared stories from their own field and how they have made a solid impact in business in New Zealand and India.

Earl Rattray, Chair, INZBC opened the discussion and said, “This discussion is aimed at reinforcing the message that all of us at the Council are here to provide support, a nurturing environment and the right business conditions for women to succeed and excel in business.”

Speaking about the speakers for the discussion, Earl said, “It is the leadership of the women here who will help shape the ambition and aspiration of many of our young female students today, whose participation in business will be vital if we are going to reach the potential of our business relationships with India and New Zealand in the future. In terms of new opportunities, we firmly believe that the connections and relationships forged along with the collaboration developed between the indigenous women of New Zealand and India, will lead to fruitful and profitable business ventures in the future.”

Talking about the growth of entrepreneurship in India, His Excellency Muktesh Pardeshi, Indian High Commissioner to New Zealand said that more Indian women are chasing the enterprise dream and flourishing in their ventures. Indian women business owners could potentially create 150 – 170 millions jobs by 2030, although some of these were held back due to lack of funds.

Click here for full story: https://www.inzbc.org/post/women-inbusiness-lead-the-charge-during-inzbc-panel-discussion

May 2022

India Unplugged: Export - Import workshop

Looking to export and import from India?

We conducted a one - day workshop where attendees got an opportunity to meet experts from the industry, and gain significant insights.

We covered all relevant areas including Logistics, Banking & Finance, Insurance/ Export Credit, Customs & MPI Regulations, Taxation & Legal, and key trends in Exports, specific to the Indian context.

In

Opening Remarks: Brian Dewil Managing Director, Ola New Zealand Global Ltd.

Taxation: By Asheel Bharos Business Advisory Services, Associate Director, Auckland Bakertilly Staples Rodway

Banking & Finance Export Credit : Harshad Tendulkar (BNZ Business Partner) and Trade Specialist (TBA), BNZ

Thomas Sheng | Senior Business Originator - Matua Poutaki Hononga | New Zealand Export Credit | Te Tai Ōhanga – The Treasury

discussion on Mergers & Acquisitions: Franky Wang, Head of Asia Business Activation, BNZ Pauras Rege, Director, Tiaki Capital

Supported by:

Market Strategy for India:

Rachael McGuckian

International Marketing Manager, IMEA region, NZTE

Panel Discussion with Exporters: Michael Fox Head of Global Public Affairs, Zespri International

Rohit Anand IT Expert | Services Sector

Importers:

Aneil Ballar Director, Service Foods

Reema Chawla

Strategic Operations Director -Harman Impex New Zealand Limited

Ministry for Primary Industries – Regulations for India market: Ben Matthews Senior Policy Analyst, International Relations India Desk Officer. Ministry for Primary Industries

Moderated by: Jay Changlani

Closing Remarks

H.E. David Pine [Online]

H.E. David Pine High Commissioner of New Zealand to India and Ambassador of Nepal, and High Commissioner-designate to Bangladesh

2022

INZBC AGM 2022

INZBC held it’s AGM on 28 June 2022.

Apart from the regular business, the new INZBC board was announced.

We also had our strategic partners BNZ Bank and Auckland University to address our members and lay out their India plans.

July 2022

Fire side chat, by the INZBC Christchurch chapter, showcases India's potential for young kiwi entrepreneurs

With Covid numbers going down and international borders reopening, this is the best time to start looking at the Indian market for expansion and scaling up Kiwi businesses. This was the topic of an intimate “Fire Side Chat” with Mr. David Pine, New Zealand’s High Commissioner to India and Bangladesh, and Ambassador designate to Nepal.

The India New Zealand Business Council (INZBC), Christchurch chapter hosted the session at the Ara Institute of Canterbury’s City campus on July 12.

Braving bad weather, around 15 invitees gathered to hear Mr. Pine, who took charge in August 2020 when he flew to India on a Vande Bharat flight amid the pandemic.

INZBC hosted the event to help Kiwi entrepreneurs understand the potential of the expanding Indian market.

Mr. Pine shared his assessment of the ground realities in India in terms of politics, the economy and post-covid opportunities.

It was noted that Indian markets have been resilient, making an incredible recovery after going through the worst phases of the COVID-19 pandemic, with almost all parameters of the economy crossing their pre-COVID levels.

It was recognised that there is a need for more engagement on the ground with frequent visits from either side and getting INZBC strategic partners like the Indian business associations- FICCI and CII involved to enable dialogue and learning about the market opportunities. The increased visits and exchange of information will also

provide a chance to experience the market and its potential first-hand.

Some of the specific areas where India could benefit from Kiwi innovation and technology know-how are dairy, agriculture and related industries

The consensus was that there is a need to build and develop relations on the foundations of common interests that include cricket, culture, and shared history like Indian soldiers serving with ANZACs.

Mr. Pine also mentioned how the recent visits of Minister Priyanka Radhakrishnan and MP Gaurav Sharma to India have raised the profile of the Indian diaspora in New Zealand.

INZBC Christchurch Head Sandeep Sharma reiterated the importance of continued dialogue and getting more young businesses on the table to exchange notes, explore potential and create an environment conducive to more trade opportunities.

Despite having 1.3 billion people, India has one of the youngest populations, with an average age of 29. India is also home to a fifth of the world’s youth population.

These young individuals foster a culture of creativity, entrepreneurship, and diversity. India believes this young population is its most valuable asset. But this also offers a huge market for entrepreneurs and businesses across the world.

Panel discussion on IT sector and its contribution to New Zealand's economy

A panel discussion on IT sector and it’s importance in the economic growth of NZ was held at the BNZ HQ in Auckland, on 24 Aug 2022.

The speakers at the event were:

Graeme Muller - CEO, NZTech

Chandan Ohri - CEO, Duco Consultancy

Dr. Partho Roop - Assoc Dean International, Faculty of Engineering Administration, University of Auckland

Dr. James McDowall - List Member, ACT Party Spokesperson for Economic Development, Innovation & Immigration

September 2022

INZBC business delegation to India reignites B2B connections

The India New Zealand Business Council took a trade delegation to India from 19-21 September 2022. The trade delegation comprised of 20 members representing various industry sectors, right from Primary Sector, F&B, Meat, Aviation, Education, IT services, Finance, etc.

The delegation going from New Zealand to New Delhi had three days of meetings with various trade chambers, Indian government officials and attending the annual conference of FICCI (The Federation of Indian Chambers of Commerce & Industry).

The Chair of the India NZ Business Council, Earl Rattray emphasised that this visit is happening at the right time, after the Covid-induced lull in trade continuity. New Zealand minister of Export Trade, Damian O’Connor also joined us in this delegation.

Click Here to Read Full Report: https://issuu.com/inzbc/docs/report_on_the_delegation_to_india_v2

Delegation to India Key Outcomes

§ India is very keen to engage with New Zealand on a strategic level and not only trade. They would like to incorporate culture, arts, sports, defense and other dimensions as well.

§ India is working on prioritising the sectors in which there can be collaborations and create a win-win situation, where manufacturing can be promoted in India.

§ Skill development & education is a high focus area. They are looking at more collaborations to open excellence centers in India.

§ Invest India has opened a single window clearance for kiwi investors, wanting to invest in India. This will be a major achievement for the delegation.

§ The government of India is keen to engage on a regular basis. They are keen to support 2 delegations every year, one outgoing and one incoming.

§ INZBC strengthened its network with the major Indian chambers, including FICCI, CII and PHD Chamber of Commerce.

§ Govt of India is keen on promoting sector based dialogues and win the low hanging fruits first.

§ Some of the sectors identified for growth are: Primary produce & fruits, Horticulture, Food processing, Red meat industry, Logging, IT services, Fintech, Higher Education, Skill development, Tourism; Agritech - R&D in this sector; Pharma - R&D in this sector, Drone technology, Rocket technology.

Delegation to India - Highlights

New Zealand High Commissioner, David Pine, hosted a dinner in honour of the visiting delegation and the Minister.

The evening saw a great turnout with key stakeholders from India corporate world and government officials. This was a great opportunity for the delegates to network.

The India New Zealand Business Council signed an MOU of cooperation with Indian business chamber – ANZIBA.

Delegation to India - Highlights

INZBC Summit 2022: Proposing a new approach to India trade relations

Identifying opportunities in the services, education, Ag Tech and merchandise trade to build strong business partnerships –was the central theme that emerged in this year’s India New Zealand Business Council (INZBC) summit held on 11 November 2022 at Stamford Plaza in Auckland. The Summit included the presence of Hon Minister of Foreign Affairs, Nanaia Mahuta, Indian High Commissioner to New Zealand Ms. Neeta Bhushan besides a line-up of, business leaders, diplomats, sector experts and academics from New Zealand and India, to discuss the various issues of reimagining overall bilateral ties with a focus on increasing trade through building business partnerships between India and New Zealand.

In her keynote address, Hon Nanaia Mahuta, Minister of Foreign Affairs, Local Government and Associate Minister for Maori Development said, “India is a priority relationship for New Zealand, with opportunities in the energy sector, technology and trade.”

The Indian High Commissioner to New Zealand, Neeta Bhushan, highlighted the importance of high-level ministerial visits in strengthening the relationships in light of Indian External Affairs Minister Dr S Jaishankar’s visit to New Zealand. She reminded the audience that India is now 5th largest economy and its growth rate makes it the fastest-growing economy for the next few years to come.

Ms Bhushan encouraged kiwi companies to work closer with India across sectors, “we need to work towards mutually beneficial partnerships and collaborations in various sectors. Apart from agriculture and forestry trade, we can look at deepening collaborations in Agritech, Fintech, Education and renewable energy sectors. She also highlighted that India has a large untapped youth population.

During her time in New Zealand, High Commissioner will focus on five key areas: “developing and strengthening connectivity (people to people but more importantly by air), Tourism, Telecom and digitisation, Research & development, education and finally, traditional medicine”. This would indeed strengthen the bilateral ties even further.

See full press release here: https://www.inzbc.org/post/inzbc-summit-2022proposing-a-new-approach-to-india-traderelations

Stuff:

https://www.stuff.co.nz/business/the-monitor/130390956/india-is-the-elephantof-the-global-economy-but-is-new-zealand-investing-enough-in-the-relationship

Becoming part of India's growth story: Inzbc summit explores options

Indian Weekender:

Https://www.Indianweekender.Co.Nz/pages/articledetails/7/20956/newzealand/becoming-part-of-indias-growth-story-inzbc-summit-explores-options

India and New Zealand trade relations: The Road ahead

Indian Newslink:

https://indiannewslink.co.nz/india-and-new-zealand-trade-relations-the-road-ahead/

INZBC Summit 2022: Proposing A New Approach To India Trade Relations

Scoop news:

https://www.scoop.co.nz/stories/BU2211/S00333/inzbc-summit-2022-proposing-a-newapproach-to-india-trade-relations.htm

India is the elephant of the global economy, but is New Zealand investing enough in the relationship?

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

Impact

Social Media & Digital Footprint

All are activities create a digital and social footprint, which is very critical to take the brand INZBC to a national and international level. See some key metrics related to that.

Facebook.

Our FB page following has increased by 205 new likes.

The page reach has come to an all time high of 42K people.

The page still get a majority of male audiences.

Audiences are coming mostly from New Zealand and India, which is a good thing.

Twitter.

From Sep-Nov end 2022, our Tweets earned 16.1K impressions over this 91 day period

Total followers were 1627.

Sustained engagement on a monthly basis

Linkedin.

On Linkedin, we gained more followers and increased page views to 2,207.

Total followers were 2,664. Our engagement levels are top of industry comparing to top level government agencies and trade councils.

Website.

Stats for main website: https://www.inzbc.org/

Check out our monthly newsletters here: https://www.inzbc.org/newsletters

Thank You.