India on Tuesday invited investments from New Zealand in infrastructure, renewable, agro processing and Information and Technology sectors. Talking to reporters after a luncheon meeting with the visiting New Zealand Prime Minister John Key, Commerce and Industry Minister Anand Sharma said the state-of-the-art technology being used by dairy industry and renewable energy in New Zealand should be replicated in India too. Mr Sharma said major areas where both the countries can cooperate include post harvest technologies, logistic management for agriculture sector, wind and geo-thermal energy, tourism, films, pharmaceuticals, education, IT enabled services, and financial services. The bilateral trade has more than tripled between 2004-05 and 2010-11. The visiting New Zealand Prime Minister said he hoped to conclude India-New Zealand Free Trade Agreement by 2012. He also emphasised on the need to increase people-to-people contact and invited more Indian students to New Zealand.
News On AIR | June 28, 2011 5:49 PM
India invites NZ investments in infrastructure, agro processing