Bilateral Trade Opportunities - New Zealand/ India - Phil Baldey - strategicpulse-com
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Presentation given (in Whakatane) by Phil Baldey of strategicpulse.com on the bilateral trade opportunities for New Zealand and India.
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Bilateral Trade Opportunities - New Zealand/ India - Phil Baldey - strategicpulse-com
- 1. INDIA
- 2. • Similar administrative heritage • Similar judicial system • English as the official language • Similar education model
- 3. • 1.1 Billion People • .1 = 25 Times New Zealand's Population • 275 Times New Zealand’s population
- 4. • Middle class same size as the population of USA • Biggest milk producer in the world • Traditionally 1-3 cow herds • Super Herds of 50 cows now emerging
- 5. • 10 million new cell phone connections per month. • 3% internet connectivity. • Delhi airport (when finished) will be Asia’s largest. 20km end to end. 12km taxi for planes.
- 6. • Electricity supply issues. • Free Trade Agreement under negotiation. • State taxes on top of tariffs.
- 7. • Indians prefer phone over email • Status is important • Education is important • Australia – slightly out of favour • Retirement age 60
- 8. • High work ethic • 35% savings national average • No direct air link between India & New Zealand • Business transcends all other issues
- 9. • 2010 Commonwealth Games • 6% growth • 8-9% growth aspired to
- 10. India China • Democracy • Dictatorship • Young population • Aging population • Growing • Growing • English • Chinese • Domestic market • Export market • Negotiating Free • Free Trade Trade Agreement Agreement
- 11. • India system is bureaucratic • Public procurement market can be difficult • Privately financed projects tend to be less bureaucratic and decisions are made faster
- 12. • JVs are required in many sectors to be able to enter the market • Corruption exists but can be handled at arms length • IP laws are in place in India • Best practice exists ….. In concept
- 13. • Need to hire a local manager/ country representative or agent who is well connected, of a high social status and is well educated. • The agent does not necessarily require knowledge of the product/service. Being well connected is the key.
- 14. Opportunities Exports • Tourism * • Education * • Research * • Science & technology • Agri-technology • Biotechnology • Dairy * Import & Export opportunity
- 15. • Creative & media services • Forestry & wood products • Energy • Wine • Beer • Retail • Construction • ICT * • Telecommunications * Import and Export opportunity
- 16. • Cafes • Health • Medical machinery • Investment * • Prepared foods • Aviation • Plastics * * Import & Export opportunity
- 17. Imports • Textiles • Linen • Carpet • Fabricated/engineered product/parts • Auto parts • Vehicles
- 18. • Footwear • Socks • Apparel • Gold • Ships • Electric machinery
- 19. Consider • Indians are among the most affluent tourists to New Zealand. • SME sector opportunities exist. Its not just for the big players. • Indians want the best brands, at the best price. • Incomes are rising. So is propensity to spend. • India is a time consuming and financially consuming market to crack … …but worth it!
- 20. Time for Action • You will never ‘know all’ before you enter • Start with ‘toe dipping’ exercise • Surround yourself with appropriate advisors • Go for it … slowly slowly
- 21. • Make a long term commitment to India • Take India one geographic region at a time info@strategicpulse.com www.strategicpulse.com