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NZ - India to work towards increasing economic and bilateral trade through innovation.
11 Jul 2014
India's Economy to Grow Five Fold, we hear at INZBC Business Summit
"A shift in political tectonic plates" is stimulating new opportunities for the business and trade relationship between India and New Zealand, Hon. Tim Groser said at the 2014 Business Summit. Mr Groser's talk in the Business Beyond Barriers symposium highlighted the emerging changes India will see, with new Prime Minister, "Modi [who] has a clear cut mandate for change," Mr Groser said.
Today the 2014 Business Summit, hosted by the India New Zealand Business Council, took place today at the Pullman Hotel in Auckland. Each symposium hosted an array of esteemed speakers, including Hon. Steven Joyce; Tim Ng of The Treasury; High Commissioner Ravi Thapar; Andrew Paykel of Fisher and Paykel and Peter Bull of Education New Zealand. Master of Ceremonies Fran O'Sullivan's effortless on-stage presence and vast business knowledge supported the events dynamic and engaging feel.
The Summit started strong with esteemed speakers taking the stage to share their insights regarding trade relations between New Zealand and India. 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'.
His Excellency High Commissioner Ravi Thapar spoke in the first symposium, saying, "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". Following Mr Thapar, 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. Mr Holborow considered in his speech, "[Whether or not New Zealand will retain its relationship with India or begin to] engage much more deeply, much more richly, with India" in terms of trade relationships.
The speakers of each symposium shared their understandings of trade relationship development between India and New Zealand, and their hopes for further business and trade advancement between the two nations.
The Innovation symposium saw Hon. Steven Joyce speak on his experiences with innovation, and his viewpoint as Minister. Innovation is a key part of business for the New Zealand markets; Hon. Steven Joyce commented that, "Kiwi innovation does drive our success internationally." Mr Joyce went on to announce new developments in education for Indian students in New Zealand.
Mr Joyce launched India New Zealand Sports Scholarship. He told the audience, "Indian students with a passion for sports will now have access to sports scholarships. We will be offering courses in sport related fields. New Zealand is committed to sport based scholarships for Indian students." He went on to discuss the opportunities that arise from innovative international education. Following Mr Joyce's presentation, Peter Bull of Education New Zealand took the stage to discuss innovation in education. Mr Bull deliberated on the lack of established higher education programmes in India acknowledging "current enrolment of tertiary study in India is below international standards". Mr Bull went on to say, "Generally Indian institutes are not producing employable graduates". Mr Bull said, "[Education New Zealand] supports New Zealand education products being delivered internationally", with a focus on "delivering innovative education to India".
The 2014 Business Summit was comprised of four symposiums, the latter two focused around Strategic Ventures and Sustainable Growth, respectively. Each of the sessions hosted valued speakers who spoke on their experiences and shared their wisdom. Madhukar Jetley travelled from India to speak at the INZBC Summit. Mr Jetley told the audience, "I am here to further deepen the relationship between the government of Uttar Pradesh and New Zealand". This phrase defined the overall topic of the day, improving and strengthening the relationship between the two nations, a strategic venture in itself. Warren Young of Zespri also spoke during the Strategic Ventures session, ending his talk by saying, "You need to adapt to succeed in India", wonderful advice from a company who have broken barriers in India against all odds. Bill Jolly summed up the important and "re-emerging" role of India in business, saying, "[India] is a strategically important relationship to New Zealand".
The final session of the 2014 Business Summit heard several highly regarded speakers present their views and experiences on Sustainable Growth. Speakers from this symposium included Tim Ng of Treasury, Aaron Jenkins of NZX, and Jo Pennycuick, Managing Director of Redesign. Jo Pennycuick presented a compelling talk, demonstrating the successes of Redeign, including the full redesign of Delhi Airport, the design of the world's largest candy store, and the creation of international branches in India and further abroad. Her talk highlighted the potential of sustainable growth and business success in India, as well as inspiring the audience to embrace challenges and charge through business barriers.
The Summit's themes were demonstrated by knowledgeable speakers who presented valuable lessons and business wisdom in their speeches, to the enthusiastic audience who enjoyed four symposiums, each based around trade relationship development between India and New Zealand. The Business Summit was a perfect way to honour 25 years of the India New Zealand Business Council, and the growing relationship between India and New Zealand.
Prime Minister Rt Hon John Key releases postage stamp to commemorate 25th anniversary of India New Zealand Business Council
The India New Zealand Business Council honoured 25 years of establishment with a celebratory gala dinner following the Business Summit that took place on 8 July in Auckland.
With 300 guests in attendance, the gala dinner hosted an esteemed array of guests, including Prime Minister John Key, Ex-Governor General, Sir Anand Satyanand, representatives from the Labour Party and National Party, and the High Commissioner of India. The evenings' ceremonies began with a traditional Maori Powhiri performed by the Unitec Kapa Haka group, Matatapu. The rich culture demonstrated by Matatapu symbolized the overall cultural celebrations that took place throughout the Summit and Gala Dinner, leaving guests with warm hearts and a deep appreciation for the diversity of life in New Zealand.
Highlights included the unveiling of the INZBC New Zealand Post stamp by the Prime Minister. Tan Desai designed a touching, and culturally rich stamp, displaying the words "Kia Ora" written in Hindi. This beautiful design is printed on a limited number of stamps available at New Zealand Posts offices by enquiry.
Welcoming the delegates, Chairman Sunil Kaushal, emphasised the council to look beyond their times calling upon the members to ‘be the catalyst of change to bring India and New Zealand even closer than before - in economic, trade, cultural, sports ties between both the countries.'
John Key spoke to the full room of highly regarded guests about his ideas regarding trade between India and New Zealand. Mr Key said "We have a tremendous opportunity to have great ties with India on many fronts." Regarding India, Mr Key said, "If you think about India, it's the biggest democracy in the world. India shares our loves, and is the largest English speaking population in the world." 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.
The INZBC Patron, Sir Richard Hadlee was also in attendance at the INZBC Gala Dinner. Sir Richard Hadlee spoke to the crowded room about the journey of the India New Zealand Business Council. Sir Richard Hadlee's speech had the audience laughing right throughout; as he discussed his relationship with India, looking back fondly on the experiences he has had as a cricket player and brand ambassador. 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." His knowledge and wisdom was valued by the audience who looked on, smiling.
The gala dinner was a wonderful way to venerate 25 years of trade relationship development between India and New Zealand, and conclude the day of business symposiums hosted at the Pullman Hotel, Auckland.
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.
Links for images:
1. INZBC Chair Sunil Kaushal with PM John Key, Sir Richard Hadlee and the World Cup 2015 trophy.