“Two ends of a book’, is how New Zealand’s Minister of Internal Affairs described the ties between India and New Zealand.
Minister Peter Dunne, while was speaking at India New Zealand Business Council’s seminar, ‘Business Beyond Barriers’, reiterated the need for increased economic, cultural and sporting ties between the two countries.
The India New Zealand Business Council held its second chapter of a series of seminars – ‘Business Beyond Barriers’, on 26 March. H.E. Mr. Ravi Thapar (Indian High Commissioner to NZ).
The Council Chair Sunil Kaushal shared how the members have been continuing to expand their business ventures into India without an FTA being signed between both the countries.
“(An) FTA is just one of the tools to increased trade and not the only tool,” said Sunil, stressing that more focus should be towards moving on with trade to be done between businesses in New Zealand and India.
Peter said it was important for New Zealand to recognise the potential of the Indian economy and work to have closer ties.
Ravi Thapar, India’s new High Commissioner to New Zealand, took charge in January and is since meeting crucial people and organisations that can make a difference to the bilateral relations.
Ravi shared insights about various fields that India-New Zealand can collaborate in. “We should work with the positives of both sides, like taking New Zealand’s IP and using India’s market footprint,” said Ravi, while emphasizing that India’s market footprint is huge and creates great potential for New Zealand companies to work with.
Taxation in the vast Indian market can be very complicated and can sometimes be a daunting task, said Greg Thompson, National Director, Tax at Grant Thornton NZ Ltd.
Earlier the council members also called upon the Indian High Commissioner at his office in Wellington and discussed collaborative areas between both the countries. Aviation, Education, IT, Agri were some of the sectors that were discussed including the need for a direct or code share flight between both the countries which will enhance tourism and trade.