India–New Zealand FTA to double India’s engineering exports to $280–300 mn in five years
- Posted on April 28, 2026
- By Business News Today
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- 1 min read
In brief
The newly established free trade agreement between India and New Zealand represents a transformative opportunity for the Indian engineering sector. With zero-duty access to New Zealand's market, Indian exporters are positioned to significantly expand their presence over the coming five years. Projections indicate engineering exports could surge from current levels to USD 280-300 million, with particular benefits anticipated for small and medium-sized enterprises seeking international growth opportunities.
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India–New Zealand FTA to double India’s engineering exports to $280–300 mn in five years
India's engineering exports to New Zealand are set to double in the next five years. A new free trade agreement grants zero-duty market access for all Indian goods. This pact will significantly boost the sector, especially for MSMEs. Engineering shipments are expected to reach USD 280-300 million.
