With new initiatives undertaken by Indian government, economy of India is bound to grow at 8-10% for several decades said Honourable President of India at the Business Leaders Meet held on 1 May in central Auckland. Business leaders across New Zealand were invited to meet the Hon. President of India, Mr. Pranab Mukherjee. The Business Leaders meet was hosted by Indian High Commission, Wellington along with India New Zealand Business Council.
President Mukherjee congratulated New Zealand for a high GDP and GNP growth. He expressed his
happiness over the great leadership provided to the younger generation of the country. Mentioning
about 15000 Indian students studying in various universities and colleges in New Zealand, president
acknowledged that New Zealand is the top destinations for Indian students.
“I am going back with the deep satisfaction that we have identified group of persons, identified a country where we share the common perception about the development, progress, peace and prosperity.” said, President Pranab Mukherjee. The president urged the Kiwi businesses to look seriously at India as an investment destination.
“Huge and growing market potential continues to attract kiwi businesses to India. Many of the big names across the globe are present in India. I believe NZ businesses need to take that extra step to tap those potential opportunities.” said, INZBC Chair, Robert Barker.
Chair Robert further added that government of India welcomes investments from New Zealand in broad range of sectors like agri-processing, food processing, post-harvest technology transfer in refrigeration, cold chains, storage and logistics for minimising post production losses.
“We sincerely hope that honourable president takes back with him the message of furthering the already blossoming bilateral relationship between India and New Zealand.” said, INZBC Treasurer, Bhav Dhillon.
Mr. Dhillon commented later that the FTA process with India needs patience by both the countries, so that it becomes valuable for the needs of both countries. “There is a wrong perception that the India-NZ FTA is taking a long time. The talks with China went to 14-15 rounds and the talks with India are still at the 10 th round.” The economy of India is the seventh-largest in the world by nominal GDP and the third-largest by purchasing power parity (PPP). Due to enormous opportunity that lies in India, the relationship with India have become the priority relationship for the New Zealand government.
New Zealand have been holding negotiations with Indian government to become a core trade, economic and political partner. The New Zealand-India FTA is a crucial step towards achieving that goal. President visit to New Zealand expedited the talks further in the areas of agriculture, dairy,
food processing, education and skill development as well as high technology. FTA between the countries is likely to boost the trade significantly and benefit the countries in number of ways like
vast market for consumer products and services, reduced tariffs on Indian imports, more certainty for investors and many more.
“We sincerely hope that honourable president takes back with him the message of furthering the already blossoming bilateral relationship between India and New Zealand.” said, INZBC Treasurer, Bhav Dhillon. Thanking all the accompanying seniors MPs and with a hope to have a speedy Free Trade Agreement, business leaders meet concluded.
“Government of India and Government of New Zealand have established their confidence and trust that INZBC is the only organization to deliver such a high calibre event. The honourable president himself had assured full backing to the council. Along with this, New Zealand government has already extended MFAT and NZTE support to us. With these synergies, there’s going to be complete renewal of the leadership once again keeping intact its core values of credibility, integrity and transparency.” Said Wenceslaus Anthony, Head of Govt. Relations, INZBC.
Code share agreement with India finalised on the sidelines of the business meet, a new deal between New Zealand and India was signed today that opens the door for a direct flight between the two countries. The air services agreement, signed in Auckland today, should also boost tourism and trade between New Zealand and world's second most populated nation, says Transport Minister Simon Bridges. Bridges today signed the deal with Sanjeev Balyan, India's Minister of State for Agriculture and Farmer Welfare. The ceremony, at the Langham Hotel, was witnessed by Prime Minister John Key and Indian President Pranab Mukherjee, who is visiting New Zealand.
President Mukherjee and his delegation arrived on Saturday 30 April for a series of events in Auckland, including an official welcome at Government House Auckland, a State dinner hosted by the Governor General, and talks with the Governor General and the Prime Minister. It is the first time India's head of state has come to New Zealand, and considered to be the most prominent political visit for the longstanding relationship between both the countries. During his visit, president also held the preliminary talks on FTA, negotiations for which have been happening since the year 2010.