Investment in Information & Communication Technology Industry in NZ

New Zealand's  information and communicationvarious reasons why these companies have chosen
technologies industry (ICT) includes diverse areas suchNZ over other countries. The Telesyn group chose NZ
as health, IT, software, transport and logisticsfor its global connectivity and vast pool of specialized
technologies, geospatial and communicationsskills. The company has managed to increase the
technology, digital content, wireless infrastructure andemployee strength from 50 to 200 within 3 years.
payments. The ICT industry is known to make aSymantec has come to NZ due to the high quality of
contribution of around NZ$8 billion to NZ's economyuniversity graduates available for development centers.
each year. The industry employs around 40,000Moreover, flexible immigration policies allow companies
people.  The NZ ICT supply services surveyto employ overseas recruits whenever specialized
estimated the value of total sales of ICT services andexpertise is not available. GeoVector Corporation has
goods at NZ$18.2 billion. Of these total sales, 92%found NZ more attractive due to a more relaxing
were sold in domestic markets while the rest wereregime that allows companies to mix technologies and
exported.disciplines to create innovative and bold solutions for
 markets. NZ demographics and its location provide
Investment in NZ ICT sector can enhance the value ofmany advantages to telecommunication industries.
your business. NZ ICT companies are well placed inSince the NZ time zone is 12 hours ahead of GMT, it
the international market to meet ever increasing globalallows companies to test new technologies and
demands for specialist applications. ICT industry in NZapplications during the USA and European night, thus
has a strong foundation of delivering solutions that areminimizing disruption and speeding up the delivery
highly commercially viable. NZ customer informationprocess. The NZ telecommunication industry is
system technologies have a 37 percent market sharedynamic in size and also in its advantageous position to
in all North American retail energy marketer installations.present cost effective production for niche markets.
NZ ICT business entities stand out because they 
constantly innovate with their products to stay aheadNZ has an excellent telecommunications infrastructure
in the market. NZ companies are known to deliverwhich includes all digital exchange networks, high
cost-effective results within a shorter period of time.capacity fiber optic communication links and the latest
NZ's demographics and location makes it an excellentwireless technology. With a population of 40 million, NZ
environment for market testing, research andprovides a  market for testing new technologies. In
development. Many global companies have establishedfact, Vodafone had used NZ as a test bed for testing
themselves in NZ and are delivering commercialthe prominent GPRS network before introducing it
success to the industry. Some of the global companiesworld-wide.
that have marked their presence in NZ ICT sector are 
Singapore Technologies Electronics Limited, US-basedNZ has a proven record of achieving high export
GeoVector Corporation, Global internet company Alliedfigures in telecommunication and wireless hardware
Telesyn Group, US-based Symantec Corporation, andand services. Foreign investors can reap huge benefits
EDS.by investing in this sector in NZ. Invest New Zealand
 can help foreign investors identify and facilitate
These are only some of the international companiesinvestment opportunities in NZ depending on their
that are profiting by partnering with NZ.  There arespecific needs.