India-New Zealand Business Forum
The India-New Zealand Business Forum aims to promote growth in bilateral trade, investment and business opportunities between the two nations.
Organised by Waikato Management School, the forum provides a platform for local business people, government officials and academics to come together and discuss the opportunities that exist in doing business with India, a rising economic powerhouse.
India is an increasingly important export market for New Zealand, worth than $850 million in exports.
The forum also aims to help corporate leaders and academics from both countries appreciate the cultural nuances and dynamics of doing business in each other’s territories, and develop a better understanding of local business practices and economic policies.
Another key goal was to identify and recommend policy changes to governments to further facilitate trade and investment between the two countries.
India is the world's second fastest growing market after China, and has a burgeoning middle-class with growing disposable income.
The forum’s convenor is Associate Professor Asad Mohsin.
"India will be looking for technical assistance from New Zealand in how to produce milk and its products more efficiently, so there is huge scope for our dairy sector to help," says Dr Mohsin.
Education also has high potential, as India’s predominantly young population looks to up-skill. “In order to meet its higher education needs, India would need another 1000 institutions. This means they will look to well-established learning institutes like Waikato for assistance.”
Tourism is also important. “Like China, India has an emerging middle class who are showing an increasing interest in international travel. New Zealand is in a good position to capture a lot of this interest."
Objectives of the forum
- To develop mutual ties between organizations of similar interest as well as those willing to partner in strategic areas.
- To help the academics and corporate leaders from both countries understand and appreciate each other’s cultural differences and the dynamics of business practices and economic policies
- To facilitate inflow of investments to both countries in a reciprocal manner by involving trade officials and federations in a structured manner
- To build the forum as a platform for understanding and resolving the challenges faced in doing businesses across both nations
- To identify and where appropriate recommend policy changes to Governments to facilitate trade and investment between the two countries.
India-New Zealand Business Forum 2012
The inaugural event held at Waikato Management School in Hamilton in November 2012 attracted more than 100 delegates from India and New Zealand, including business people, government officials and academics, and the High Commissioner of India.
Discussions focused mainly on dairy/agribusiness, IT/communications, tourism and hospitality, and education and research, but there is scope for many other sectors to be examined in the future.
Speakers at the inaugural forum included H.E. Avanindra Kumar Pandey, the High Commissioner of India to New Zealand, Ashok Kumar Pavadia from the Indian Ministry of Heavy Industries and Public Enterprise, Cliff Fuller from New Zealand Trade and Enterprise (NZTE), Todd Muller from Fonterra, and Prashanta Mukherjee from the India-New Zealand Business Council.
The success of the first forum led to the hosting of the second India-New Zealand Business Forum in 2013 in Ahmedabad, Gujarat, India.