MOU strengthens New Zealand-India trade relations — Exporter Magazine

The India New Zealand Business Council (INZBC) and Confederation of Indian Industry (CII) have signed an historic MOU in Delhi.

“The signing of this memorandum of understanding is a step forward for strengthening trade, economic and commercial ties between the two countries’ business communities,” says Sunil Kaushal, INZBC Chairman. 

“I’m pleased with the progress that INZBC has made towards ensuring frequent and regular contact with its Indian counterpart, the CII. I also acknowledge the work put in by our Indian counterparts towards strengthening our bilateral relationship.” “The MOU further strengthens the relationship that New Zealand and India share. It urges and encourages people-to-people and industry-to-industry exchange of information,” says Kaushal.

“We believe that this MoU will inject new life into our existing bilateral economic relationship and place it on a higher growth trajectory”, says Sumit Mazumder, President–Designate, CII and Chairman and Managing Director, TIL Limited.

“Our objective is to promote trade in more sectors and leverage the advantages that New Zealand can bring to the Indian industry. MOUs like this one help in bringing experience and expertise together for the benefit of the whole industry,” says Kaushal.

Both the INZBC and CII are committed to work proactively towards suggesting partners to promote economic, trade and technological cooperation and towards exploring opportunities for business between members of each organisation.

INZBC and CII also look forward to mutual cooperation for exchange visits for business cooperation, seminars and conferences in both the countries as well as promotion of trade fairs both in New Zealand and India,” says Kaushal.

New Zealand Minister of Primary Industries, Nathan Guy witnessed the signing of the MOU during his three day visit to Delhi and Mumbai. Minister Guy is leading a delegation of sixteen New Zealand businesses and organisations, including the INZBC.