Since 1988, the India New Zealand Business Council (INZBC) has promoted and encouraged trade in goods and services, investment, scientific, technical and economic cooperation between India and New Zealand.
Established in the days before the Internet, INZBC initially had a focus on sourcing network connections and business opportunities.
In 1997, the society re-established itself, with Wellington businessman Paddy Marra holding the chair for 12 years until September 2009 when Aucklander Wenceslaus Anthony took over the helm.
The New Zealand Government has always taken a close supporting interest in the operation of INZBC; The Ministry of Foreign Affairs and Trade (MFAT) and New Zealand Trade & Enterprise (NZTE) both currently have seconded Executive Committee members.
In India, FICCI (Federation of Indian Chambers of Commerce & Industry) has been INZBC's strategic partner for many years. A highlight was the official FICCI delegation which accompanied India's Minister Kamal Nath to New Zealand in May 2007. A FICCI/INZBC Joint Business Council also took place at the same time of the initiation of the FTA discussion (in October 2007) between India and New Zealand which, following the 2009 completion of a Joint Study Group, has now progressed to an official first round of negotiation.
INZBC prides itself in its close and strategic relationship with government which provides members with both informed comment and a well embedded channel to lobby on trade matters.