**Executive Summary**
On July 11, 2026, Prime Minister Narendra Modi and New Zealand’s Prime Minister Christopher Luxon met with a select group of CEOs and business leaders to strengthen bilateral economic ties. The interaction focused on utilizing the India-New Zealand Free Trade Agreement to enhance market access, investment, and talent mobility. A primary objective was set to double bilateral trade to NZD 7 billion (approximately INR 35,000 crore) by 2030.
**Key Points / Main Content**
**Strategic Partnership and Framework**
* The bilateral relationship is founded on shared democratic values, the rule of law, and a commitment to sustainable development.
* The India-New Zealand Free Trade Agreement is designated as a landmark framework to add depth to economic ties and open opportunities in services and technology.
**India’s Economic Value Proposition**
* India offers significant opportunities driven by sustained high growth, a digital revolution, a young skilled workforce, and an expanding middle class.
* Political stability and ongoing economic reforms position India as a key contributor to global growth and innovation.
**Target Sectors for Investment**
* **Infrastructure and Logistics:** Opportunities exist in civil aviation, urban mobility, and general infrastructure development.
* **Sustainability:** Collaboration is encouraged in clean energy, water management, and waste management.
* **Digital and Tech:** The private sectors are urged to engage in fintech, the start-up ecosystem, and emerging technologies.
**Agri-Business and Food Security**
* New Zealand’s expertise in dairy science, horticulture, and forestry is to be paired with India’s food parks and agri-tech talent.
* The goal is to integrate these strengths with India’s large consumer market to create global food value chains.
**Impact Analysis**
**CEOs and Business Leaders**
**Impact**
They gain access to a more dynamic bilateral environment with reduced barriers via the Free Trade Agreement and new opportunities in talent mobility.
**Action Required**
Expand commercial partnerships and increase investments to meet the target of doubling bilateral trade by 2030.
**New Zealand Investors and Business Houses**
**Impact**
They are granted specific entry points into India’s high-growth sectors, including digital economy and infrastructure.
**Action Required**
Seek active partnerships in Indian infrastructure development, logistics, and clean energy projects.
**Agri-tech and Dairy Science Professionals**
**Impact**
The partnership creates a platform for merging New Zealand's technical strengths with India’s large-scale consumer base and agri-tech talent.
**Action Required**
Collaborate on building integrated global food value chains and innovation platforms for sustainable trade.
Key Entities Referenced
India-New Zealand Free Trade Agreement: A landmark agreement identified as a foundation for deepening bilateral economic ties and enhancing market access, investment, and talent mobility.
Bilateral trade target of NZD 7 billion: A specific economic initiative to double bilateral trade between India and New Zealand by the year 2030.
Narendra Modi: Prime Minister of India, who led the bilateral interaction and proposed partnerships in sectors like clean energy, fintech, and digital economy.
Christopher Luxon: Prime Minister of New Zealand, who co-hosted the interaction with CEOs and business leaders to strengthen economic partnerships.
New Zealand: The partner nation and location of the address, central to the proposed cooperation in dairy science, horticulture, and forestry.
Prime Minister's Office
Prime Minister addresses business leaders in
New Zealand
प्रव तथ: 11 JUL 2026 8:16AM by PIB Delhi
Prime Minister Shri Narendra Modi, along with the Prime Minister of New Zealand, Rt. Hon. Christopher
Luxon, today interacted with a select group of CEOs and business leaders.
Prime Minister Modi highlighted that 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 as a landmark that would add depth and dynamism to the bilateral
economic ties, and open new opportunities for market access, investment, services, technology and talent
mobility.
Prime Minister Modi 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. He noted that political stability and sustained growth path has positioned India as a
significant contributor to global growth. He invited New Zealand investors and business houses to partner
India in infrastructure development, civil aviation, logistics, clean energy, urban mobility, water
management, waste management and digital economy sectors. Speaking about India’s vibrant start-up
ecosystem, he called for closer engagement between the private sectors of both countries in the fields of
innovation, fintech and emerging technologies. He noted that New Zealand's strengths in dairy science,
horticulture, and forestry, and India’s consumer market, food parks and agri-tech talent should come
together to create global food value chains.
Prime Minister Modi encouraged businesses to expand investment and commercial partnerships and help
realize the target of doubling bilateral trade to NZD 7 billion (approximately INR 35,000 crore) by 2030.
He emphasized that India-New Zealand economic partnership could become a model for inclusive and
sustainable trade and a platform for innovation and prosperity.
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