New Delhi, April 27 -- Commerce and industry minister Piyush Goyal on Monday said the India-New Zealand free trade agreement (FTA) carries a $20 billion investment commitment from Wellington, signalling confidence in India's growth story. The pact-which provides duty-free access for Indian exports-will boost micro, small and medium enterprises, foster innovation and support women-led enterprises in global markets, he said.

Goyal and New Zealand's minister for trade and investment Todd McClay signed the agreement in New Delhi on Monday. This "marks a defining milestone in India's engagement with the developed world", Goyal said. "It reflects Prime Minister Narendra Modi's vision of global economic partnerships for our farmers, women, yout...