Friday, September 7, 2007

New Zealand Cos Eye Selling Retail Tech To India

Hyderabad: Betting big on retail boom in India, New Zealand companies are want to sell retail technology to Indian firms. They have already given cold chain technology for big names in Indian retail such as Reliance and Bharti. Currently, at least eight of its companies are holding talks with their Indian counterparts for selling technology. The interest of New Zealand timber companies in infusing in India is also growing. A model wood house was established in Gurgaon to showcase the fine quality of New Zealand wood for decorative purposes. On the education front, New Zealand is looking at attracting over 4,000 Indian students this year. The bilateral trade between India and New Zealand was estimated at about 750 million New Zealand dollars in 2006-07.

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