The Kiwi business delegation on this week’s trade and ministerial mission to India are finding plenty of scopes to build on an already solid and diverse trade relationship between the two countries.

The trade mission – jointly led by Minister of Foreign Affairs and Deputy Prime Minister Winston Peters and Minister for Trade and Export Growth David Parker – has so far been very well received and engaged in robust discussions with several prominent Ministers and institutional stakeholders, giving them an insight on India’s growth story.

New Zealand Minister of Trade and Export Growth David Parker met with Indian Minister of Commerce and Industry Piyush Goyal

Speaking to The Indian Weekender from New Delhi Sameer Handa, Chair – India New Zealand Business Council said, “This trade mission was an opportunity to open new doors, deepen relationships and grow discussion to accelerate the partnership between the two countries.”

“India is undergoing massive transformation and growth, and the government is driving structural economic reforms. As India’s economy continues to grow and in contrast to many other nations, it’ population’s average continues to decrease.”

New Zealand Minister of Trade and Export Growth David Parker delivered the keynote address outlining New Zealand’s Trade for All agenda and support for a strong multilateral trading system.

“There is a significant opportunity to leverage the agility and innovation of NZ with the scale and growth of India.

“After all transformation can be accelerated through innovative partnerships,” Mr Handa said.

The high-level business delegation consists of 18 top-level business leaders with interests in both New Zealand and the Indian market and is being led by Carmen Vicelich, CEO of fintech business Valocity.

New Zealand Minister of Trade and Export Growth David Parker met with Indian Minister of Commerce and Industry Piyush Goyal yesterday. Improving our trade links is a shared priority for New Zealand and India, and businesses from both countries have established effective commercial partnerships combining their strengths in sectors such as food and beverage, specialised manufacturing, aviation and digital technology.

Some of the key influential business leaders included in the trade delegation are AbacusBio’s Anna Campbell, Fonterra’s Simon Tucker, Quality New Zealand’s Geoff Allot, Cemix’s Bhav Dhillon, Redesign Group’s Jo-Anne Pennycuick, Asia New Zealand Foundation’s Simon Draper and Independent Tertiary Education New Zealand’s Paul Chalmers.

Sharing more insights on the complexity and the secrets of unlocking the potential of the Indian market Carmen Vicelich says India is “as diverse as Europe.”

New Zealand Minister of Trade and Export Growth and Environment David Parker met with Indian Minister of Environment, Forest and Climate Change Prakash Javadekar

Similarly, fellow business delegate Geoff Allott, Managing Director of Quality New Zealand, has previously described treating its 25 urban markets in India “almost as different countries because of the differences between states”.

The trade delegation has arrived in India on Tuesday, February 25 and since then had back to back engagements with different stakeholders.

Farm-fresh produce, secret auctions and the buzz of another busy day unfolding. Azadpur Market, Asia’s largest wholesale market for fruit and vegetables, was an early-morning stop for New Zealand Minister of Trade and Export Growth David Parker and the visiting #business delegation.

Organisations in the aviation, technology and services sector met with IndiGo airlines – the largest airline in one of the fastest-growing aviation markets in the world, which has also recently partnered with delegate business New Zealand International Commercial Pilot Academy to train IndiGo’s cadet pilots in Whanganui.

Food and beverage businesses spent time with India’s Food Safety and Standards Authority (FSSAI) to discuss market access and food safety standards, as well as interacting with representatives from India’s leading hotel, restaurant and catering sector – a high-potential market segment for premium New Zealand products.

Key insights from these sessions included:

  • The size and scale of the Indian market opportunity – with a population that will overtake China to become the world’s largest by 2025 and an economy projected to be the world’s largest by 2035
  • A tech revolution taking place in India, supported by NITI Aayog and other agencies as part of India’s wider economic reform agenda, and generating significant investment from the world’s largest multi-national businesses. The tech-centric cities of Bangalore and Hyderabad are host to more than 500 large multinationals
  • An expanding aviation sector is driven by increasingly wealthy and young travellers (including 400 million millennials). Indian airlines have more than 1,000 planes on order for delivery in the next 10 years, to service fast-growing international and domestic expansion – with a matching demand for pilot training and other aviation services and expertise.

New Zealand Minister of Trade and Export Growth David Parker delivered the keynote address outlining New Zealand’s Trade for All agenda and support for a strong multilateral trading system.

The mission has also confirmed that capturing opportunities in India means thinking differently about doing business, and taking a tailored and considered approach that recognises India’s scale and regional diversity.