The visit is likely to give a push to Indian pharmaceutical companies to set up businesses in the pacific nation after the local government withdrew a ban in January.
The President was given a sendoff at Rashtrapati Bhavan by Vice-President Hamid Ansari, Prime Minister Narendra Modi, besides three Service Chiefs and senior bureaucrats.
Terming the visit as 'Act East', a natural extension of the government's 'Look East' policy, President's Press Secretary Venu Rajamony had told reporters it would play a significant role in strengthening India's economic relations with Pacific nations like PNG.
The President was accompanied by Minister of State for Agriculture Sanjeev Baliyan and a three-member delegation of Members of Parliament.
The PNG, the largest Pacific Island nation, is looking towards India for enhanced cooperation in the health sector and capacity building in Information Technology, Joint Secretary (South) in External Affairs Ministry Jaideep Majumdar had said.
The country has large natural resources of oil, gas and minerals.
The discussions regarding cooperation in these areas will be taken forward after the conclusion of President's visit, Majumdar had said.
About the President's visit to New Zealand, which starts from April 30, Majumdar said India traditionally shared close relations with that country.
The Indian diaspora of 1,75,000 helps to further cement our ties, he had said.
The two sides will look at prospects for cooperation in agriculture, dairy, food processing, education and skill development as well as high technology.
New Zealand Prime Minister John Key had visited India in 2011 and its Governor General in 2008, 2009 and 2011.
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