Text of Prime Minister's Address at the India–New Zealand Business Event
Prime Minister Narendra Modi announced that India and New Zealand are elevating their ties to a Strategic Partnership and have concluded a Free Trade Agreement in nine months.
AI generated- India and New Zealand are being elevated to a Strategic Partnership, according to the Prime Minister of India.
- India and New Zealand concluded a Free Trade Agreement in nine months, according to the Prime Minister’s address in Auckland.
- New Zealand has announced a US$20 billion investment commitment in India over 15 years, according to the Prime Minister’s statement.
- The Prime Minister said the Production Linked Incentive scheme provides about US$20 billion of support across 14 sectors.
What happened
Prime Minister Narendra Modi addressed the India–New Zealand Business Event in Auckland and announced that India and New Zealand are elevating their relationship to a Strategic Partnership. He also said both sides concluded a Free Trade Agreement in nine months and described it as a step that can expand market access, investment, services, technology, and talent mobility.
Key announcements and figures
UPSC may ask how a bilateral upgrade to a Strategic Partnership and a Free Trade Agreement can shape market access, supply chains, investment flows, and sectoral cooperation while balancing domestic interests and inclusive growth.
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