Indian Investors Bowled Over By New Zealand
The New Zealand government hosted a reception this week in Bangalore to allow local business people involved in trade and investment with New Zealand to meet the touring New Zealand cricket team the Black Caps.
New Zealand is increasingly stepping up its promotional and engagement activities in India in the lead up to the signing of a Free Trade Agreement, currently being negotiated between the two countries.
"New Zealand is committed to further strengthening our relationship with India, and events like these allow us to celebrate our friendships in fields of cricket and of business," says New Zealand Consul General and Trade Commissioner, Mr Gavin Young.
Bilateral trade between India and New Zealand has been growing with New Zealand exports to India, increasing 6.55 percent year-on-year and exports from India to New Zealand also increasing at over 8.7 percent.
"From an investment perspective, we are seeing two-way investment growing slowly, with a number of Indian IT companies having offices in New Zealand," says New Zealand Regional Investment Manager, Mr Benny Goodman.
"We are of course very encouraging of this and we see the opportunity for them to build bases to service Australia and other markets from New Zealand."
New Zealand also has a number of investments in Bangalore, including by crystal oscillator manufacturer Rakon with Centum Electronics, Fisher and Paykel Healthcare, Pingar Technologies and Gallagher Group with Ibex Group.
In keeping with the New Zealand theme, the distinguished guests also enjoyed fine wines from Villa Maria distributed by Brindco and ZESPRI kiwifruit mojitos while checking out the new luxury appliances from Fisher & Paykel Appliances and hearing about the services of ANZ Bank.
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