New Zealand Trade Minister Todd McClay stated that, under the newly signed free trade agreement between the two countries, New Zealand businesses will gain more opportunities to invest in India. The agreement was announced on Monday and eliminates tariffs on 95% of New Zealand's export goods to this South Asian country. The agreement also includes a commitment that New Zealand will promote investment in India, aiming to increase private sector investment by $20 billion within 15 years.

McClay said in an interview with Bloomberg Television in Wellington on Tuesday that the Indian government has expressed an open attitude and will make it easier for New Zealanders and their companies to invest in its economy over the next 15 years. He pointed out that many New Zealand businesses that are active around the world but have not yet entered the Indian market will now have opportunities.