Chandigarh: India and New Zealand are all set to increase mutual collaboration and partnerships in the agribusiness sector with the signing of Memorandum of Understanding (MoU) on Tuesday in Chandigarh. The collaboration will allow both to share the best practices and technologies, while building agribusiness connections between the two countries.
Through the MoU, CII Agro Tech and Fieldays would avail reciprocal rights to attend and exhibit at each others' agri and business shows, share intellectual property, host VIPs, delegations and promote business collaborations. The signing of MoU recognizes CII and Fieldays status as leading international facilitators of agribusiness expansion and innovation.
New Zealand minister for primary industries David Carter expressed keen desire to setup joint ventures in Punjab in various areas of industry, agriculture and milk processing sector to become partners in the progress of Punjab. He said Punjab and New Zealand share the common expertise in agriculture sector and New Zealand can coordinate with Punjab by offering it latest agriculture technology and techniques to prolong shelf life of agriculture products.
Offering to setup "joint farms" in Punjab, the minister said these agriculture farms could be pilot projects to showcase the latest technology in agriculture sector, adding that the focus of New Zealand agriculture sector was on increasing productivity and profitability to make the sector self-sustaining.
Minister of IT, food, civil supplies and food processing in Punjab, Adaish Partap Singh Kairon said, "By entering into this memorandum we look forward to progress. We will be happy to work for relaxed taxes." He added that the international airport in Amritsar would prove as an outlet for trade. With this CII's Agro Tech 2012 entered into a MoU with the largest agriculture show in the Southern Hemisphere -New Zealand National Agricultural Fieldays.
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