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New Zealand to further strengthen bilateral trade ties with India


New Delhi, Sept.21 : New Zealand’s Minister of Justice, Courts, Broadcasting and Communications Amy Adams is leading a trade mission to India from September 21 to 25 to strengthen trade ties between both nations.

Bilateral trade in goods and services between the two countries has increased by 20 percent in the last two years to USD 1.2 billion.

Minister Adams will visit Bangalore before travelling to New Delhi to lead a New Zealand delegation of clean-tech and renewable energy companies at the 9th Renewable Energy India Expo in Greater Noida.

New Zealand plans to raise its renewable energy generating capability from 80 to 90 percent by 2025 and could provide India’s fast growing renewable energy sector a boost by providing innovative assistance and advanced technologies. This could help Indian Government improvise the environment to support sustainable growth.

New Zealand is at the forefront of developing technologies that not only harness renewable materials but also reduce emissions and waste and this can nurture the Indian Government’s initiative of Clean India.

“India is our tenth largest export destination with two-way trade in goods and services totaling USD $1.2 billion in the year to June 2015. India is also our sixth largest market for service exports and there are growing opportunities for innovative technology suppliers.

“New Zealand is a natural partner for countries looking for innovative assistance and advanced technology to harness and realise renewable energy and clean technology opportunities, and environmental management,” says Minister Adams.

Minister Adams will be accompanied by Dr Mike Allen, Special Envoy for Renewable Energy and Executive Director of Geothermal New Zealand.

The New Zealand trade delegation includes Astrolab, CarbonScape, Solar Bright, Pacific Rubber Recycling, Environmental Management Services, ESG Asia Pacific, Windflow Technology Ltd, Gallagher Fuel Systems, Greenhouse Capital, Auckland Tourism, Events and Economic Development, and Callaghan Innovation. (ANI)

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