1 00:00:00,360 --> 00:00:03,200 Speaker 1: So the hunt for the mythical free trade agreement with 2 00:00:03,279 --> 00:00:07,480 Speaker 1: India continues. But here's some good news. India has started 3 00:00:07,480 --> 00:00:10,080 Speaker 1: to sound out some of its largest businesses to hear 4 00:00:10,080 --> 00:00:14,440 Speaker 1: what they think about that potential free trade deal with US. 5 00:00:14,800 --> 00:00:17,600 Speaker 1: The Indian government sent an email to members of the 6 00:00:17,640 --> 00:00:21,720 Speaker 1: Federation of Indian Chambers of Commerce and Industry asking for 7 00:00:21,760 --> 00:00:26,120 Speaker 1: feedback on the idea of starting trade negotiations. So Bada 8 00:00:26,200 --> 00:00:28,960 Speaker 1: Chalah is the chair of the Indian New Zealand Business 9 00:00:29,000 --> 00:00:31,920 Speaker 1: Council and joins you, Now, how about it, Hi Andrew? 10 00:00:31,920 --> 00:00:32,960 Speaker 2: How are you very good? 11 00:00:33,120 --> 00:00:35,879 Speaker 1: This is good for New Zealand. It's a sign at 12 00:00:35,960 --> 00:00:38,320 Speaker 1: least in the government. The Indian government's starting to ask 13 00:00:38,360 --> 00:00:40,280 Speaker 1: businesses what can we do with New Zealand. 14 00:00:40,840 --> 00:00:44,640 Speaker 2: I think it's wonderful, wonderful news and it actually it 15 00:00:44,720 --> 00:00:48,720 Speaker 2: took time, but it's getting getting somehow, a good, better 16 00:00:48,760 --> 00:00:49,560 Speaker 2: idea for everyone. 17 00:00:50,240 --> 00:00:52,120 Speaker 1: Yes, you say, it takes time, and we've been talking 18 00:00:52,120 --> 00:00:55,720 Speaker 1: about this for at least seven years, so this might 19 00:00:56,320 --> 00:00:58,640 Speaker 1: this might be the first step. But you know, are 20 00:00:58,680 --> 00:01:00,960 Speaker 1: we head? Do we have an the seven years ahead 21 00:01:01,000 --> 00:01:01,600 Speaker 1: of us? 22 00:01:02,080 --> 00:01:05,360 Speaker 2: I think if you see government, the current government have 23 00:01:05,440 --> 00:01:08,160 Speaker 2: done a lot in last year by going to Indian 24 00:01:08,360 --> 00:01:14,640 Speaker 2: building that relationship between diplomats and the government. If I 25 00:01:14,680 --> 00:01:17,080 Speaker 2: take the six years before that were we're pretty much 26 00:01:17,480 --> 00:01:21,800 Speaker 2: not not well in terms of the travel and discussion 27 00:01:21,840 --> 00:01:24,679 Speaker 2: with the government. Is that correct? So I think that's 28 00:01:24,440 --> 00:01:27,600 Speaker 2: that I'll discount that six years and said that this 29 00:01:27,720 --> 00:01:29,800 Speaker 2: year has been wonderful or last year been wonderful. 30 00:01:29,880 --> 00:01:34,240 Speaker 1: Good, that's true. Now if the private sector starts saying, yeah, 31 00:01:34,280 --> 00:01:36,200 Speaker 1: we're is a little bit interested, that would make things 32 00:01:36,240 --> 00:01:37,320 Speaker 1: happen faster, wouldn't it. 33 00:01:38,280 --> 00:01:43,119 Speaker 2: I think from an Indian Indian perspective, private sector gets 34 00:01:43,240 --> 00:01:45,960 Speaker 2: a kind of a saye to do it. So it's again, 35 00:01:46,040 --> 00:01:47,840 Speaker 2: it will not happen immediately. I think. I not say 36 00:01:47,880 --> 00:01:50,720 Speaker 2: that it will happen tomorrow, but it's a direction which 37 00:01:50,760 --> 00:01:54,600 Speaker 2: we want to see and with coming months or years 38 00:01:54,600 --> 00:01:58,000 Speaker 2: you will see more improvements or more positives in the relationship. 39 00:01:58,480 --> 00:02:03,800 Speaker 1: So look, what exactly would India want to import from 40 00:02:03,840 --> 00:02:05,760 Speaker 1: New Zealand? What could we sell them? What would they 41 00:02:05,800 --> 00:02:06,960 Speaker 1: want from us? 42 00:02:07,320 --> 00:02:09,720 Speaker 2: I think a lot of time if you see I 43 00:02:09,800 --> 00:02:14,280 Speaker 2: was in India two weeks ago. What they want is 44 00:02:14,320 --> 00:02:18,160 Speaker 2: more about how we can provide the technology transfers or 45 00:02:18,200 --> 00:02:21,120 Speaker 2: we can provide about investments in India in terms of 46 00:02:21,160 --> 00:02:24,839 Speaker 2: manufacturing sector or even improve the tourism sector or other 47 00:02:24,880 --> 00:02:28,359 Speaker 2: areas even against the primary industries are doing well towards 48 00:02:28,440 --> 00:02:30,040 Speaker 2: getting to the direction of positivity. 49 00:02:30,680 --> 00:02:33,320 Speaker 1: Well, you say saying manufacturing and you're saying technology because 50 00:02:33,320 --> 00:02:36,600 Speaker 1: of because we always instantly think, you know, primary products, 51 00:02:36,600 --> 00:02:39,800 Speaker 1: you know, meat, beef and milk and all the lamb 52 00:02:39,840 --> 00:02:41,880 Speaker 1: and all that sort of stuff. But you you're you're 53 00:02:41,919 --> 00:02:44,720 Speaker 1: saying that the India would be more interested in how 54 00:02:44,800 --> 00:02:47,640 Speaker 1: we make the meat, the beef, the lamb and the 55 00:02:47,680 --> 00:02:52,480 Speaker 1: milk than the milk and the and the beef. 56 00:02:51,120 --> 00:02:54,640 Speaker 2: And I'm not I'm not saying that we don't want 57 00:02:54,680 --> 00:02:57,600 Speaker 2: that with India, but like the Focus which has been 58 00:02:57,639 --> 00:03:00,480 Speaker 2: working on that, what else muism can give. So what 59 00:03:00,520 --> 00:03:02,680 Speaker 2: we are doing with India now and we can improve 60 00:03:02,720 --> 00:03:05,399 Speaker 2: on that. But if you see example of Racon which 61 00:03:05,440 --> 00:03:10,440 Speaker 2: have provided the transmitters for the Chandryan three space program. 62 00:03:10,919 --> 00:03:13,040 Speaker 2: So there are a lot newsing can offer. We have 63 00:03:13,040 --> 00:03:16,680 Speaker 2: a good startup ecosystem, we have good tech tech companies 64 00:03:16,800 --> 00:03:19,359 Speaker 2: or doing some work like road marking in India software 65 00:03:19,400 --> 00:03:20,760 Speaker 2: is done by a news and company. So there's a 66 00:03:20,800 --> 00:03:26,480 Speaker 2: lot happening. So we always called dairy or meat or kiwi. 67 00:03:26,960 --> 00:03:30,040 Speaker 2: They're already working hard to get there, but we need 68 00:03:30,080 --> 00:03:31,400 Speaker 2: to open more doors with India. 69 00:03:31,440 --> 00:03:34,080 Speaker 1: Also, yes, I saw the pharographs that India took of 70 00:03:34,120 --> 00:03:36,920 Speaker 1: the Moon because they see a space so they sped 71 00:03:36,960 --> 00:03:38,840 Speaker 1: a spaceship to the moon. And yes, we have some 72 00:03:38,960 --> 00:03:41,400 Speaker 1: very good rocket engineers here and so we could help 73 00:03:41,480 --> 00:03:44,560 Speaker 1: in many different ways. What could we offer India to 74 00:03:44,600 --> 00:03:47,440 Speaker 1: make the deal more attractive because we already have pretty 75 00:03:47,480 --> 00:03:50,360 Speaker 1: low tariffs internationally and with India. So what have we 76 00:03:50,440 --> 00:03:53,160 Speaker 1: got that we that could make them go oh goodat we're. 77 00:03:53,040 --> 00:03:56,520 Speaker 2: In See if you see all the deals of India 78 00:03:56,560 --> 00:03:59,000 Speaker 2: are also one of the lines of people movement. Example, 79 00:03:59,320 --> 00:04:02,000 Speaker 2: we're talking about how many people we can travel from 80 00:04:02,040 --> 00:04:04,320 Speaker 2: India at what kind of visa are there making the 81 00:04:04,360 --> 00:04:07,760 Speaker 2: process more smoother. At the same time, the technology which 82 00:04:08,080 --> 00:04:11,280 Speaker 2: helps India to increase this productivity and we do have 83 00:04:11,400 --> 00:04:13,920 Speaker 2: some good technologies to work on that. In terms of 84 00:04:13,920 --> 00:04:16,960 Speaker 2: when we say daily farming, we talk about robotics in 85 00:04:17,680 --> 00:04:20,200 Speaker 2: giving fruit picking or apple fruit picking. So there are 86 00:04:20,240 --> 00:04:23,920 Speaker 2: things apart from what we are doing now. So if 87 00:04:23,960 --> 00:04:26,320 Speaker 2: you see the work depity is doing good from AIRA 88 00:04:26,360 --> 00:04:30,120 Speaker 2: is doing good Apple and Peer are doing. They're doing 89 00:04:30,200 --> 00:04:35,400 Speaker 2: great work, but some more sweetening can help things get there. 90 00:04:35,640 --> 00:04:36,240 Speaker 2: I can see that. 91 00:04:36,520 --> 00:04:39,520 Speaker 1: So with all this good news that the Indian government 92 00:04:39,520 --> 00:04:41,920 Speaker 1: has asked a consultation from private companies and how they're 93 00:04:41,960 --> 00:04:44,480 Speaker 1: feeling about things, do you think it's realistic to think 94 00:04:44,520 --> 00:04:47,279 Speaker 1: we might really start real negotiations in the next couple 95 00:04:47,320 --> 00:04:47,960 Speaker 1: of years. 96 00:04:48,839 --> 00:04:51,160 Speaker 2: I think we should start faster than that. I can 97 00:04:51,200 --> 00:04:54,840 Speaker 2: say that because see India also is looking for more partners. 98 00:04:55,160 --> 00:04:57,680 Speaker 2: If you see India five years ago was different to 99 00:04:57,720 --> 00:05:02,640 Speaker 2: what it's today, they are are doing faster deal signing. 100 00:05:03,640 --> 00:05:06,440 Speaker 2: If I say currently there are around ten to eleven 101 00:05:06,560 --> 00:05:09,880 Speaker 2: agreements are in discussion within there with other countries, so 102 00:05:10,160 --> 00:05:12,040 Speaker 2: they can if they want to do a free trade 103 00:05:12,080 --> 00:05:15,240 Speaker 2: agreement or they want to do any comprehensive agreement, they 104 00:05:15,279 --> 00:05:18,520 Speaker 2: can sign in one year to eighteen months. Also, well, 105 00:05:18,600 --> 00:05:20,240 Speaker 2: listen is fast now, that. 106 00:05:20,240 --> 00:05:22,400 Speaker 1: Is great and let's help, sir, because I think we'd 107 00:05:22,400 --> 00:05:25,000 Speaker 1: be great friends together and we'll do some good business together. 108 00:05:25,240 --> 00:05:26,920 Speaker 1: And Baratta, I would like to thank you very much 109 00:05:26,920 --> 00:05:29,480 Speaker 1: for your time today. That's Barachawala, who is the Indian 110 00:05:29,520 --> 00:05:34,160 Speaker 1: New Zealand Business Council chair for more from hither duplusy 111 00:05:34,200 --> 00:05:36,960 Speaker 1: Alan Drive. Listen live to news talks it'd be from 112 00:05:37,080 --> 00:05:40,640 Speaker 1: four pm weekdays, or follow the podcast on iHeartRadio