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MOU strengthens New Zealand- India trade relations
5 Nov 2014
DELHI 5 November, 2014: The India New Zealand Business Council (INZBC) and Confederation of Indian Industry (CII) signed an historic MOU in Delhi today.
“The signing of this memorandum of understanding is a step forward for strengthening trade, economic and commercial ties between the two countries’ business communities, says Sunil Kaushal, INZBC Chairman.
“I’m pleased with the progress that INZBC has made towards ensuring frequent and regular contact with its Indian counterpart, the CII. I also acknowledge the work put in by our Indian counterparts towards strengthening our bilateral relationship.” “The MOU further strengthens the relationship that New Zealand and India share. It urges and encourages people to people and industry to industry exchange of information,” says Mr Kaushal.
“We believe that this MoU will inject new life into our existing bilateral economic relationship and place it on a higher growth trajectory”, said Sumit Mazumder, President – Designate, CII and Chairman & Managing Director, TIL Limited.
“Our objective is to promote trade in more sectors and leverage the advantages that NZ can bring to the Indian industry. MOUs like this one help in bringing experience and expertise together for the benefit of the whole industry,” says Mr Kaushal.
Both the INZBC and CII are committed to work proactively towards suggesting partners to promote economic, trade and technological cooperation and towards exploring opportunities for business between members of each organisation.
INZBC and CII also look forward to mutual cooperation for exchange visits for business cooperation, seminars and conferences in both the countries as well as promotion of trade fairs both in New Zealand and India,” says Mr Kaushal.
New Zealand Minister of Primary Industries, Nathan Guy witnessed the signing this afternoon during his three day visit to Delhi and Mumbai. Minister Guy is leading a delegation of sixteen New Zealand businesses and organisations, including the INZBC.