Meet the Indian High Commissioner in Christchurch
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INZBC Newsletter - March 2023 | For the best view, please see the newsletter online. View this email in your browser.
Dear <<First Name>> ,

Kia Ora, Warm greetings from the India New Zealand Business Council.
I am happy to introduce this first newsletter of 2023 with the observation that the tide is turning positively on bilateral relations between New Zealand and India.

We are all aware that trade follows dialogue. The last six months has seen a notable ramping up of formal engagement between both country’s senior government Ministers and Officials. Having met with our Foreign Minister Hon Nanaia Mahuta during her February visit to India, I can comfortably say I am encouraged her commitment to forging stronger bilateral relationship with India.

At the same time, INZBC is in the advanced stages of preparing a comprehensive submission to government, outlining practical steps and initiatives which the business community, already engaged with India see as priority steps in taking trade and cultural and social integration to the next level. I remain very optimistic that 2023 will be a productive year in building stronger ties between New Zealand and India on multiple fronts.

Meanwhile, a delegation of Pharma companies recently visited New Zealand, from India. They were hosted by the Indian High Commission & INZBC in Wellington, to seek partnerships and alliances to export and distribute Indian manufactured medicines. The delegation was organised by the umbrella body of Pharma companies in India - Pharmexcil.

2023 will see a series of business engagement meetings, with our next event in Christchurch. INZBC Christchurch will be hosting a networking event on 16 March 2023, with the Indian High Commissioner, HE Neeta Bhushan as the chief guest. Please save the date, and RSVP below to attend.

All of our events provide great business networking opportunities. and I encourage all members to watch for incoming notices of events being held, and look forward to your attendance over the course of the year.   

Thanks & Regards,

Earl Rattray
Chair, INZBC

March 2023
Meet the Indian High Commissioner in Christchurch  
The Indian High Commission and India New Zealand Business Council are hosting a networking event in Christchurch. 

This event will see HE Ms Neeta Bhushan, High Commissioner of India to New Zealand, as the Chief Guest.

More details will be shared soon.
Entry is free, but RSVP is essential. 

Date: Thursday, 16 Mar 2023

Place: Christchurch

RSVP by clicking and submitting this form:
Hon Nanaia Mahuta advances our relationship in India
The New Zealand High Commission in New Delhi, India was excited to start the year with a visit from Minister of Foreign Affairs Hon. Nanaia Mahuta. She was welcomed with a waiata and a quick round of briefings for a busy week ahead. The visit was a great opportunity to strengthen the NZ-India partnership and continue the momentum of ministerial visits on both sides.
Indian Pharma industry eyes Oceania market
A 22-company Indian Pharma delegation led by Pharmaceuticals Export Promotion Council of India had B2B meetings with their Kiwi counterparts at India in New Zealand (High Commission of India, Wellington) premises on 10 Feb 2023. HC Neeta Bhushan and representatives from Pharmac, Medsafe and Jay Changlani, Treasurer, India New Zealand Business Council spoke in the inaugural session. 
New Zealand foreign minister Nanaia Mahuta: We can take India-New Zealand ties to the next level now

In an interview with India Today, New Zealand's foreign minister Nanaia Mahuta talks about India-New Zealand ties, the Quad, the Ukraine war and her country's ties with China

What is Cyclone Gabrielle Recovery Visa Instituted by NZ Government?

On February 2023, severe Tropical Cyclone Gabrielle hit New Zealand and had a devastating impact, causing an estimated NZ$13 billion (US$8.12 billion) in damages.

The New Zealand Government, in response, has announced the launch of the Recovery Visa (a sub-type of the Specific Purpose or Event Work Visa) for migrant workers, effective 24 February 2023, to assist with recovery efforts in the wake of the devastation left behind.

This short-term visa will allow New Zealand employers to sponsor migrants to come to New Zealand to work on the emergency response.
India's Union Budget - Highlights

The Hon'ble Finance Minister of India presented the Union Budget and outlined a slew of tax proposals for the vision of a better India.

We are pleased to present the highlights of the tax amendments along with a high-level analysis, as proposed in the Union Budget 2023.

NZ-India Partnership: University of Auckland signs MoU with Indian Institute of Technology, New Delhi

The University of Auckland signed an institution-level MoU with IIT Delhi, which also hosts the New Zealand Centre in collaboration with all eight NZ universities.

The University of Auckland Vice-Chancellor, Professor Dawn Freshwater, also presented IITD Director Professor Rangan Banerjee with a certificate for a grove of trees planted at the Mahia Peninsula in NZ in their name and also the University's contribution to sustainability.
India's Sports Manufacturing Industry: Driving Economic Growth and Exporting Excellence

As a nation developing at an unprecedented pace, India’s sporting goods needs have been rising rapidly and consistently.

The industry has flourished, driven by a gifted labour force consequently known for its role in creating employment and adding to the nation's economy.
High inflation brings small business sales down to weakest levels since 2021

Small business sales have fallen to their weakest levels since September 2021 as high inflation continues to curb consumer spending, a new report shows.
The Xero Small Business Index fell to 105 points in January, down 38 points from November but still above the benchmark average of 100.

As India Shakes Off Shackles, It Emerges as Global Economic Power

New infrastructure, regulatory reforms and digitization buttress India's strength.

2023 could be the year India finally emerges as a global economic heavyweight.
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