# Prime Minister Narendra Modi said on X that the FTA will benefit Indian farmers, youth, women, MSMEs, artisans, startups, students and innovators.

*business · news · 2026-04-28 · The Indian Express*

## Key points

- New Zealand has committed to invest $20 billion in India over 15 years under the FTA.
- India has offered tariff liberalisation on 70% of tariff lines, granting duty-free access for 100% of its exports to New Zealand.
- New Zealand is the first country to secure preferential access for apples in any Indian FTA, including specific quotas.
- A new fast-track mechanism will permit duty-free New Zealand dairy ingredients for Indian further manufacturing and export.
- A temporary employment pathway will allow up to 5,000 skilled Indian professionals to work in New Zealand simultaneously.

**Countries:** India, New Zealand

[Read the full story on The Indian Express](https://indianexpress.com/article/business/india-new-zealand-fta-signed-20-billion-investment-visas-apples-10659288/)

---

Canonical: https://newsio.io/n/988d47fa-960f-4fcc-81c8-48e38dcdd0f6/prime-minister-narendra-modi-said-on-x-that-the-fta-will-benefit-indian-farmers
Summarized by Newsio from The Indian Express. https://newsio.io/how-it-works