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Modi invites New Zealand businesses to invest in India's growth sectors

Prime minister highlights opportunities in infrastructure, clean energy, technology and agriculture.

 Prime Minister Narendra Modi addresses business leaders during an India-New Zealand CEOs meeting in Auckland. Prime Minister Narendra Modi addresses business leaders during an India-New Zealand CEOs meeting in Auckland. / IANS

Prime Minister Narendra Modi on July 11 invited New Zealand investors and businesses to partner with India across infrastructure, civil aviation, logistics, clean energy, urban mobility, water management, waste management and the digital economy.

Addressing a select group of chief executives and business leaders, Modi also called for closer collaboration between the private sectors of both countries in innovation, fintech and emerging technologies, highlighting India's vibrant startup ecosystem.

Also read: Auckland's Sky Tower illuminates in Indian tricolour to mark PM Modi's visit

The prime minister said New Zealand's strengths in dairy science, horticulture and forestry, combined with India's large consumer market, food parks and agri-tech talent, could help build global food value chains.

Modi encouraged businesses to expand investment and commercial partnerships to help achieve the shared goal of doubling bilateral trade to 7 billion New Zealand dollars (approximately ₹35,000 crore) by 2030.

He said the India-New Zealand economic partnership could become a model for inclusive and sustainable trade while serving as a platform for innovation and prosperity.

Speaking in the presence of New Zealand Prime Minister Christopher Luxon, Modi said the two countries are united by shared democratic values, respect for the rule of law, diversity and a common commitment to sustainable development, providing a strong foundation for a forward-looking economic partnership.

He described the India-New Zealand Free Trade Agreement as a landmark accord that would deepen bilateral economic ties and create new opportunities for market access, investment, services, technology and talent mobility.

According to an official statement, Modi also highlighted India's sustained economic growth, young and skilled workforce, expanding middle class, digital transformation, next-generation infrastructure push and ongoing economic reforms as key advantages for New Zealand companies seeking investment and trade opportunities.

The prime minister said political stability and sustained economic growth have positioned India as an important contributor to global growth.

Discover more at New India Abroad.

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