Prime Minister Narendra Modi has extended an invitation to New Zealand investors and businesses to collaborate with India across various sectors such as infrastructure development, civil aviation, logistics, clean energy, urban mobility, water management, waste management, and the digital economy. He emphasized the need for enhanced cooperation between the private sectors of both nations in areas like innovation, fintech, and emerging technologies. PM Modi highlighted the potential for creating global food value chains by leveraging New Zealand’s expertise in dairy science, horticulture, and forestry along with India’s consumer market and agri-tech talent.
Encouraging businesses to strengthen investment ties, PM Modi set a target of doubling bilateral trade to 7 billion New Zealand dollars by 2030. He envisioned the economic partnership between India and New Zealand as a model for sustainable and inclusive trade, fostering innovation and prosperity. The Prime Minister praised the India-New Zealand Free Trade Agreement as a significant milestone that would enhance economic relations by providing new avenues for market access, investment, services, technology, and talent mobility.
During an event attended by New Zealand Prime Minister Christopher Luxon, PM Modi highlighted the shared values of democracy, rule of law, diversity, and commitment to sustainable development between the two countries. He emphasized that India’s growth trajectory, young workforce, expanding middle class, digital advancements, and ongoing economic reforms present lucrative opportunities for New Zealand companies in terms of trade, investment, and innovation. PM Modi also underscored India’s role as a key contributor to global economic growth due to its political stability and sustained development path.
