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How much funding, if any, is allocated in Budget 2026 specifically for the promotion of investment into India and the broader New Zealand–India economic relationship, broken down by agency, department, Crown entity, company, or other organisation for which the Minister is responsible?

Answered Question 24353 (2026)
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Asked by

Damien O'Connor

List MP · Labour Party

Question

  • How much funding, if any, is allocated in Budget 2026 specifically for the promotion of investment into India and the broader New Zealand–India economic relationship, broken down by agency, department, Crown entity, company, or other organisation for which the Minister is responsible?

Answered by

Hon Todd McClay

Member for Rotorua · National Party · Minister for Trade and Investment

Answer

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. NZTE did not receive any new funding in Budget 2026 specifically for promoting investment into India. NZTE’s activities relating to India are delivered through baseline and cross agency funding. Work is currently underway on how NZTE will support New Zealand business investment activity in India.