Piyush Goyal flags off first JCB machine export to New Zealand as FTA takes effect tomorrow
Union Commerce and Industry Minister Piyush Goyal on Monday flagged off the first-ever export of a JCB machine from India to New Zealand. The machine, manufactured in Pune, Maharashtra, was dispatched ahead of the India-New Zealand Free Trade Agreement (FTA) taking effect on October 20.
Marking the occasion, Goyal said New Zealand would now build with a “Made in India” JCB machine. He described the shipment as a proud milestone and said the trade agreement was creating new opportunities for India’s manufacturing sector.
The development comes as JCB India expects its machinery exports to rise by 20 per cent in 2026. The company aims to export about 18,000 machines this year, compared with approximately 15,000 units last year.
JCB India Chief Executive Officer and Managing Director Deepak Shetty said the company has consistently focused on manufacturing equipment for both Indian and international markets.
JCB India currently exports machinery to 140 countries, with overseas shipments accounting for around 25 per cent of its India-made production.
Shetty highlighted New Zealand’s potential as an advanced economy where JCB machines are used across construction, agriculture and material-handling operations.
The India-New Zealand FTA will provide zero-duty access for all Indian exports entering New Zealand. The measure is expected to create significant opportunities for Indian manufacturers, particularly companies producing engineering goods and heavy machinery.
JCB India is also optimistic about a proposed India-US trade agreement. The company already sells machinery in the United States and expects a future agreement to further expand demand for equipment manufactured in India.
