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Feature: Invest India

New Zealand businesses invest in ‘Make in India’ initiative A union budget that focuses on reforms and improved investment sentiments, the team at Invest India break down the plethora of investment opportunities available for New Zealand business in India.

I

ndia and New Zealand’s relationship dates to the 1800s when many Indians moved and settled in Christchurch. Today, there are more than 220,000 New Zealanders who trace back their history to Indian origin. The growing relationship between the two countries is deepened by the common interest in prosperity and stability in the Indo-Pacific region.

More recently, this figure has grown to cross the NZ$3 Bn mark. The industrial ties between India & New Zealand indicate the collaboration on natural specialties of the two states i.e. tourism (NZ), Animal Husbandry & Dairy (India & NZ), Healthcare & Pharma (India & Pharma), and IT-BPM (India).

In context to the economic and Over the years, India has become trade relations – India and New The recently announced New Zealand’s largest market Zealand, have explored measures Union Budget 2021in South and Southeast Asia for desiring to promote and expand 22 includes a focus on goods and services; whilst also mutually beneficial trade and several sectors with a becoming its 7th largest market commerce between the two strong intent of reforms globally. Furthermore, several New countries, but more recently, the two and improve investment Zealand companies such as Rakon, governments have taken a renewed sentiments. Glidepath, RML Engineering, and interest in expanding their ties and more have taken the Indian government’s invitation New Zealand has made India relationship a priority. to “Make in India” and have invested towards Additionally, New Zealand has also identified India as a priority country in its Opening Door to India Policy, 2015. establishing operations in India. The relationship between India and New Zealand has been growing steadily thus. Allied by shared interests and opportunities, India and New Zealand’s relationship has continued to grow over It was May 2020, in the wake of the COVID-19 the past few decades. Both countries have maintained pandemic, that the Government of New Zealand a keen interest in trading with each other. In 2016, unveiled its Budget 2020-2021, ‘Rebuilding Together’ India was New Zealand’s 10th largest trading partner which also established a NZ$50 Bn COVID-19 Response with trade in goods and services totaling more than and Recovery Fund (CRRF) intended to support the NZ$2.5 Bn. Exports to India were more than NZ$1.7 Bn economy and hasten the recovery. Marrying the vision and imports to New Zealand were worth NZ$821 Mn. 26 | KiaOra India | Mar 2021INZBC.ORG

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KIA ORA INDIA | VOL 3 ISSUE 01 | MAR 2021  

KiaOra India is a quarterly trade magazine, published by the India New Zealand Business Council. This magazine is published every quarter an...

KIA ORA INDIA | VOL 3 ISSUE 01 | MAR 2021  

KiaOra India is a quarterly trade magazine, published by the India New Zealand Business Council. This magazine is published every quarter an...

Profile for inzbc
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