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SUJAY MEHDUDIA / The HIndu / NEW DELHI, June 28, 2011.
New Zealand's Prime Minister John Key with Union Minister of Commerce and Industry Anand Sharma in New Delhi on Tuesday. Photo: S. Subramanium - The Hindu.
Seeking to enhance the bilateral economic engagement and expand trade relationship, India on Tuesday urged New Zealand to transfer its state-of-the-art technology and make investments in the country’s $200 billion worth agro-food processing industry.
“The two economies are essentially complementary and there is considerable potential to increase bilateral trade and economic relations. It is time to give depth and width to our partnership,” Commerce and Industry Minister Anand Sharma said, while addressing a luncheon meeting with visiting New Zealand Prime Minister John Key at a business summit organised by CII and FICCI.
Mr. Sharma said India was keen to benefit from New Zealand’s advanced technology in dairy, renewable energy and agro-food industry.
The Commerce and Industry Minister further stated that India and New Zealand have a longstanding and positive bilateral relationship. The two economies are essentially complementary and there is considerable potential to increase bilateral trade and economic relations. “India is looking forward to partner with New Zealand in infrastructure sector, agro-food processing, renewable energy and IT,’’ he remarked.
He appreciated the state-of-art technology being used by dairy industry and sought its transfer to India. He also appreciated New Zealand for taking forward the Doha development round and believing in rule-based and rule-governed multilateral system.
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