Following the conclusion of a free trade agreement (FTA) that gives all Indian goods zero-duty market access, India's engineering exports to New Zealand are expected to treble over the next five years, from USD 140.5 million to USD 280–300 million, according to officials.
Pankaj Chadha, the chairman of the industry association EEPC India, stated that the agreement would give the sector—especially MSMEs—a significant boost by reducing trade obstacles and guaranteeing steady market access in a comparatively small but highly promising location.
Engineering shipments to New Zealand have already demonstrated consistent growth, increasing by almost 8% from USD 129.8 million in the previous fiscal year to USD 140.5 million in 2025–2026.

Automobiles, dairy industry machinery, and medical and scientific equipment have driven growth, but metal-based goods like iron, steel, aluminium, and zinc have also made significant contributions.
"With zero-duty access and predictable trade rules, there is a clear opportunity to scale up engineering exports to around USD 280-300 million over the next five years," Chadha stated.
The development coincides with India's larger effort to increase its engineering export market share through trade agreements. Proposed agreements with the US and the EU are anticipated to further drive expansion, while current agreements with Australia and the UAE have already created new opportunities.By 2030, the engineering sector hopes to export USD 250 billion, and free trade agreements (FTAs) are viewed as a crucial tool for promoting scale and market diversity.