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English impressed with Indians’ entrepreneurship

English impressed with Indians’ entrepreneurship

Last week, Finance Minister Bill English and Labour list MP Kanwaljit Singh Bakshi joined more than 150 people at the Business and Retail Association of New Zealand (BRONZ) annual dinner at the Commerce Club in Remuera.

Mr English said he was pleased to note that Indian businesses were growing despite recessionary trends and negative growth in the retail sector all over the country.

BRONZ President Paramjit Dhatt (PJ) said Mr Bakshi had been instrumental in the foundation of Business and Retail Association of New Zealand and had provided a vital link between the New Zealand government and the Indian business community.

On the launch of the Souvenir of BRONZ Mr English acknowledged the hard work put in by the families of Indian Business people. He thanked the small business community for its contribution toward the economy.

Mr English said “he was impressed especially with the Indian community who have continued growing their businesses in spite of the recession.”

Mr English was of the view that New Zealand businesses should prepare in advance for the exciting opportunities coming up in the near future when a Free Trade Agreement is signed with the world’s fastest growing economy, India.

Statistics show that after an FTA agreement with China, export trade increased by 40% per annum. Mr English viewed similar growth of exports with India and suggested that Indian business people in New Zealand should start exploring their links and contacts in India for stepping up to grab the opportunity.

BRONZ is preparing itself well in advance to assist the government in attracting investment and promoting export when the FTA regime with India is established.

The association is looking to create awareness of do’s and don’ts when dealing with their Indian counterparts, project a clean and pure image of New Zealand, encourage foreign direct investments in the manufacturing and service sector and also explore new areas for the development of New Zealand export market.

It recommended that Visa officers in India should treat business sponsorship applications under a higher category and give them preference. A suggestion was made to have a fast track mechanism.

 

Last week, Finance Minister Bill English and Labour list MP Kanwaljit Singh Bakshi joined more than 150 people at the Business and Retail Association of New Zealand (BRONZ) annual dinner at the Commerce Club in Remuera.

Mr English said he was pleased to note that Indian businesses were growing...

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