23 August 2018 | Christchurch
The New Zealand India Trade Alliance (NZITA) has launched a South Island chapter to create a gateway for companies in the South to connect with the huge opportunities emerging in the Indian market.
An event, Unlocking the Potential of India, in Christchurch last Thursday was attended by around 60 representatives from companies looking to expand business
opportunities in the enormous, but complex, Indian market. The event provided an insight into trading with India, and the role of the NZITA in unlocking the often-bewildering Indian opportunity.
Speaking at the launch, Hon Amy Adams, opposition spokesperson for Finance who said; “India is one of the fastest growing economies in the World, and the World’s third largest. No matter how small a niche the offering might be for New Zealand companies, there is always going to be a huge market in India for us. “From New Zealand’s perspective it is incredibly important that we continue to grow diversity of markets. When you look at India, the size of its growth, and the strong cultural and sporting ties that we have there, an increasing footprint in that market will be incredibly beneficial for New Zealand.”
Albear Montocchio, Global Marketing Manager, HamiltonJet. The iconic exporter of high-end water jet technology has recently completed a deal to provide water jets for a fleet of 14 new Follow On – Fast Attack Craft for the Indian Navy.
Tweeting her support to the launch of the Christchurch Chapter, the New Zealand High Commissioner to India, Her Excellency Joanna Kempkers said,
New Zealand India Trade Alliance now has a chapter in my home town, Christchurch. Looking forward to engagement with more businesses and institutions from the mainland in the NZ India economic relationship. https://t.co/HZUxvwrIex
— Joanna Kempkers (@JKempkersNZ) August 24, 2018
NZITA Co-Deputy Chair Dr Don Brash noted that, despite remaining challenges, the Indian Government had taken huge strides in recent years to improve India’s macro-economic stability. Not only was the economy growing at a remarkable pace for any economy, let alone the third largest in the world in purchasing power terms, it was doing this while keeping inflation close to the central bank’s 4% target and gradually reducing federal government debt relative to the size of the economy.
What other attendees have said about the event:
— Andrea Falco (@andreafalcochch) August 23, 2018
Even Kiwi companies who manufacture or offer niche products can find a market in India. – Hon @amyadamsMP
There is tremendous support available for companies who want to expand to the market there thanks to @ItanzIndia. pic.twitter.com/YlZIUSiti4
— Jacob Varghese (@jacob_activator) August 23, 2018