Comprehensive India Free Trade Agreement with NZ announced, pledge to invest US$20b

Christopher Luxon meeting Narendra Modi in March. (Image: Supplied)

Mon, 22 Dec 2025

New Zealand businesses are expected to invest US$20 billion (NZ$34.6b) over 15 years into India as part of a free trade agreement with the world’s most populous nation. The Government announced the deal on Monday afternoon, confirming a BusinessDesk report on Sunday that NZ and India had agreed to the terms of a free trade agreement (FTA) and India’s cabinet had already signed it off. Prime Minister Christopher Luxon spoke to Indian PM Narendra Modi shortly before addressing reporters in Wellington about the agreement, whi...

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