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Tuesday, Sep 05, 2006

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Netherlands pitches for increased trade ties

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Appoints counsellors for industrial affairs, science & technology

MS KARIEN VAN GENNIP, Netherland's Minister for Foreign Trade, being welcomed by Mr Rakesh Bakshi, Senior Member, FICCI and Managing Director, Vestas RRB India Ltd, at a meeting in the Capital on Monday. — Ramesh Sharma

New Delhi , Sep 4

In an effort to boost trade and investment relations with India, the Dutch Government is appointing a counsellor for industrial affairs in New Delhi and its embassy network is being strengthened through a Science and Technology Counsellor, said Ms Karien Van Gennip, the Netherlands' Minister for Foreign Trade.

Addressing a seminar on `India-The Netherlands: Connecting Innovative Gateways' organised by the industry chamber FICCI here on Monday, Ms Gennip said: "Indian companies have great ambitions and are increasingly finding their way to markets other than the US and the UK. More than 5,300 foreign companies have decided that the Netherlands is the best location from where to penetrate markets throughout Europe, West Asia, Africa and beyond." At a CII organised meeting earlier during the day, she said the achievements of the Indian IT and biotechnology sectors offered opportunities for co-operation and investments by Indian companies in the Netherlands.

Dutch investment

While speaking on the occasion, the Minister of State for Industry, Mr Ashwani Kumar, said that cumulative investment by the Netherlands in India since 1991 stood at $1.99 billion in the fields of telecommunications, services, trading, food processing and chemicals. "This makes the Netherlands the fifth largest investor in India," he said.

The CII and the Hague Chamber of Commerce and West Holland Foreign Investment Agency signed an MoU to boost the trade and economic links between the Netherlands and India.

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