24352 (2026). Hon Damien O'Connor to the Minister for Trade and Investment

Written Question

Published date: 01 Jul 2026

Metadata

Document type:	Written Question
Parliament number:	54
Question number:	24352 (2026)
Question asked:	01 Jun 2026
Member asking:	Hon Damien O'Connor
Portfolio:	Minister for Trade and Investment
Minister replying:	Hon Todd McClay
Answer received:	25 Jun 2026
Status:	Question Answered
Reply type:	Reply
Document ID:	WQ_24352_2026
Document guid:	179614a8-7790-4943-87a5-c6143603865c

24352 (2026). Hon Damien O'Connor to the Minister for Trade and Investment: What new spending initiatives in Budget 2026, if any, are directed specifically at promoting investment into India or supporting New Zealand businesses entering the Indian market, and what is the appropriation and expected outcome of each?

Hon Todd McClay: New Zealand will undertake trade and investment promotion activities in both India and New Zealand to highlight investment and broader business opportunities in India for New Zealand businesses. This will build on and expand existing promotional activities, including those run by New Zealand Trade and Enterprise (NZTE) and through our High Commission in India. For NZTE, no new spending initiatives in Budget 2026 are directed specifically at promoting investment into India or supporting New Zealand businesses entering the India market. NZTE’s activity in India is supported through baseline and cross agency funding. As noted in WPQ 24353 work is currently underway on how NZTE will support New Zealand business investment activity in India.