PM Modi Invites New Zealand Firms to Invest in India's Growth

The Prime Minister encouraged businesses to expand investment and commercial partnerships and help realise the target of doubling bilateral trade to 7 billion New Zealand dollars (approximately Rs 35,000 crore) by 2030. 

PM Modi emphasised that India-New Zealand economic partnership could become a model for inclusive and sustainable trade and a platform for innovation and prosperity.

In the presence of New Zealand Prime Minister Christopher Luxon at the event, PM Modi said India and New Zealand are bound by shared democratic values, respect for the rule of law, diversity, and a common commitment to sustainable development, providing a strong foundation for an ambitious and forward-looking economic partnership. 

He described the India-New Zealand Free Trade Agreement (FTA) as a landmark deal that would add depth and dynamism to the bilateral economic ties, and open new opportunities for market access, investment, services, technology and talent mobility.

According to an official statement, PM Modi also underscored that India's sustained high growth coupled with young and skilled workforce, expanding middle class, digital revolution, next-generation infrastructure push, and continuing economic reforms, offer significant opportunities for trade, investment, and innovation for companies in New Zealand. 

The Prime Minister noted that political stability and sustained growth path has positioned India as a significant contributor to global growth.