Prime Minister Narendra Modi on Saturday invited Dutch firms to design, innovate, and manufacture in India, highlighting the nation’s wide selection of enterprise alternatives.
He inspired corporations to discover sectors equivalent to maritime, renewable power, digital applied sciences, semiconductors, synthetic intelligence, and healthcare.
PM Modi, who’s within the Netherlands for a go to throughout the second leg of his five-nation tour, additionally witnessed the signing of an settlement between Tata Electronics and ASML to increase help to the semiconductor fab in Dholera, Gujarat.
He was accompanied by his Dutch counterpart, Rob Jetten, as the 2 prime ministers referred to as for the early implementation of the India-EU Free Commerce Settlement (FTA). In response to an official launch, the FTA reinforces India and the European Union as trusted and dependable companions.
India a logo of scale and stability: PM Modi
Addressing the CEO roundtable, PM Modi stated that India has grown into a logo of scale and stability, including that no nation on the earth can match its pace in infrastructure, clear power, and connectivity. He famous that India now contributes 17 per cent to world development.
Emphasising that India’s financial system has been reshaped by means of steady reforms, the Prime Minister stated the federal government has labored to supply higher coverage stability for companies whereas increasing personal sector alternatives. He added that sectors equivalent to area, mining, and nuclear power have been progressively opened up.
He additional elaborated: “We’re constantly decreasing compliance burdens and enhancing the benefit of doing enterprise. Not too long ago, we carried out next-generation reforms in areas equivalent to taxation, labour codes, and governance.”
Manufacturing in India is changing into extremely cost-effective: PM
PM Modi added that manufacturing in India is changing into extremely cost-effective, whereas within the providers sector, the nation has develop into an engine of effectivity and innovation on the energy of its expertise.
He additionally knowledgeable the gathering that each one world know-how firms have arrange their world functionality centres in India.
India-Netherlands partnership
Commenting on bilateral ties, PM Modi stated that he and his Dutch counterpart would take a number of important choices. “We’re going to remodel this trusted India-Netherlands partnership right into a strategic partnership. We’re launching an formidable joint roadmap for inexperienced hydrogen. We’re making our ties within the know-how sector future-ready,” he added.
Moreover, the 2 international locations will additional strengthen expertise mobility, college partnerships, and joint analysis and improvement (R&D).
He identified that over 300 Dutch firms at the moment are a part of India’s development story. He additionally stated that the Netherlands is India’s largest European investor and its second-largest buying and selling accomplice.
The 2 sides additionally signed a number of agreements to additional increase cooperation throughout a spread of areas.
The Netherlands is certainly one of India’s largest buying and selling locations in Europe, with bilateral commerce reaching $27.8 billion in 2024–25. The European nation is India’s fourth-largest investor, with cumulative overseas direct funding of $55.6 billion.
PM Modi hails Indians’ contribution to the Netherlands
PM Modi, who arrived in The Hague on Friday, acquired a heat welcome from members of the Indian diaspora within the Netherlands. He praised the Indian diaspora for its contributions to Dutch society, describing it as a residing bridge of friendship between India and the Netherlands.
The Netherlands is residence to the most important variety of individuals of Indian origin in mainland Europe, together with round 200,000 members of the Surinamese-Hindustani group.
(With company inputs)
Key Takeaways
- PM Modi’s go to highlights the rising financial ties between India and the Netherlands.
- The Netherlands is India’s fourth-largest investor, showcasing important bilateral commerce potential.
- The deal with sectors like renewable power and know-how signifies India’s dedication to innovation.
