‘Landmark Moment’: PM Modi Hails India-New Zealand FTA
Prime Minister says trade pact and $20 billion investment will transform bilateral development partnership
- Narendra Modi calls India-New Zealand FTA historic
- Trade pact to benefit farmers, MSMEs, youth and startups
- New Zealand commits $20 billion investment
- Partnership to boost agriculture, innovation and manufacturing
GG News Bureau
New Delhi, 27th April: Prime Minister Narendra Modi on Monday described the newly signed India-New Zealand Free Trade Agreement (FTA) as a landmark milestone that will significantly strengthen bilateral developmental ties.
In a statement, Modi said the agreement reflects deep mutual trust, shared democratic values and ambitious economic cooperation between India and New Zealand.
The Prime Minister emphasized that the FTA will create major growth opportunities for Indian farmers, youth, women entrepreneurs, MSMEs, artisans, startups, students and innovators.
He said the pact would unlock new economic pathways, deepen sectoral cooperation and accelerate business expansion between the two nations.
A major highlight of the agreement is New Zealand’s $20 billion investment commitment, which is expected to strengthen cooperation in agriculture, advanced manufacturing, innovation and technology.
Modi noted that the investment would contribute to a more dynamic and prosperous future for both countries while enhancing long-term strategic economic ties.
The agreement is being viewed as a major diplomatic and trade breakthrough that could expand India’s global trade footprint while opening broader international opportunities for domestic industries.
The FTA is expected to further solidify India’s economic engagement in the Indo-Pacific region.
