Pic Credit: https://x.com/PMOIndia
New Delhi, July 11: Prime Minister Narendra Modi has invited New Zealand businesses and investors to expand their presence in India, highlighting the country's vast opportunities across key sectors including manufacturing, infrastructure, renewable energy, technology, agriculture, food processing, innovation, and the digital economy.
The call came as India and New Zealand reaffirmed their commitment to strengthening bilateral economic relations by accelerating the implementation of the proposed Free Trade Agreement (FTA). The two countries agreed to fast-track negotiations and deepen cooperation to enhance trade in goods and services, promote investments, and facilitate greater economic engagement.
The leaders emphasized that a comprehensive and balanced FTA would unlock new opportunities for businesses in both countries by improving market access, reducing trade barriers, and fostering stronger collaboration across strategic sectors. The agreement is also expected to boost exports, create employment opportunities, and strengthen resilient supply chains.
Prime Minister Modi underscored India's emergence as one of the world's fastest-growing major economies and encouraged New Zealand companies to take advantage of the country's investor-friendly policies, expanding infrastructure, and robust manufacturing ecosystem. He highlighted the government's commitment to ease of doing business and its focus on innovation-driven growth.
Both sides also agreed to strengthen cooperation in agriculture, dairy, education, tourism, clean energy, digital technologies, and skill development, while encouraging greater collaboration between businesses, startups, and research institutions.
The renewed commitment to advancing the FTA reflects the shared vision of India and New Zealand to elevate their economic partnership, expand bilateral trade, and create new avenues for sustainable growth and investment. Officials from both countries are expected to continue discussions to expedite the agreement and deliver tangible benefits to businesses and consumers alike.
The development marks another significant step in deepening India–New Zealand strategic and economic ties, with both nations expressing confidence that enhanced trade and investment cooperation will contribute to long-term prosperity and mutual growth.