INDEPENDENT NEWS

Unlocking South Island Trade potential to India

Published: Mon 27 Aug 2018 10:02 AM
The New Zealand India Trade Alliance (NZITA) has launched a South Island chapter to create a gateway for companies in the South to connect with the huge opportunities emerging in the Indian market.
An event, Unlocking the Potential of India, in Christchurch last Thursday was attended by around 60 representatives from companies looking to expand business opportunities in the enormous, but complex, Indian market. The event provided an insight into trading with India, and the role of the NZITA in unlocking the often-bewildering Indian opportunity.
Speakers included:
Hon Amy Adams, opposition spokesperson for Finance who said; “India is one of the fastest growing economies in the World, and the World’s third largest. No matter how small a niche the offering might be for New Zealand companies, there is always going to be a huge market in India for us. “From New Zealand’s perspective it is incredibly important that we continue to grow diversity of markets. When you look at India, the size of its growth, and the strong cultural and sporting ties that we have there, an increasing footprint in that market will be incredibly beneficial for New Zealand.”
Albear Montocchio, Global Marketing Manager, HamiltonJet. The iconic exporter of high-end water jet technology has recently completed a deal to provide water jets for a fleet of 14 new Follow On - Fast Attack Craft for the Indian Navy.
Tweeting her support to the launch of the Christchurch Chapter, the New Zealand High Commissioner to India, Her Excellency Joanna Kempkers said, “New Zealand India Trade Alliance now has a chapter in my home town, Christchurch. Looking forward to engagement with more businesses and institutions from the mainland in the New Zealand India economic relationship”.
NZITA Co-Deputy Chair Dr Don Brash noted that, despite remaining challenges, the Indian Government had taken huge strides in recent years to improve India’s macro-economic stability. Not only was the economy growing at a remarkable pace for any economy, let alone the third largest in the world in purchasing power terms, it was doing this while keeping inflation close to the central bank’s 4% target and gradually reducing federal government debt relative to the size of the economy.
The Christchurch chapter will be led by Michael Henstock with support from the local NZITA members in South Island.

Next in New Zealand politics

Gordon Campbell on the Commerce Commission fuel report
By: Gordon Campbell
Bill to allow licensed premises to stay open for RWC matches
By: New Zealand Government
KiwiBuild programme losing another top boss
By: RNZ
Helping our cities grow up and out
By: New Zealand Government
Ngāpuhi elder 'shocked' by conditions at Ngawha Prison
By: RNZ
Independent election policy costing unit a step closer
By: New Zealand Government
Primary and intermediate principals vote to accept new offer
By: NZEI
Breach of 'journalistic privilege' during unlawful search
By: Independent Police Conduct Authority
BSA releases decisions on coverage of mosque attacks
By: Broadcasting Standards Authority
UPDATE: Lack of fuel competition may be costing $400m
By: BusinessDesk
Breaking wholesale stranglehold on petrol supply
By: BusinessDesk
Commission releases draft report on retail fuel market
By: Commerce Commission
CommComm report will lead to more regulation, but same price
By: ACT New Zealand
MTA pumped with fuel market study findings
By: Motor Trade Association
Oil reserves budget blow out reason for quiet levy increase
By: NZ Energy and Environment Business Week
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media