Netherlands to strengthen its tie-up with India
Bilateral trade between India and the Netherlands should double in the next three years, the Dutch country's Ambassador Bob Hiensch said on Saturday.
By PTI |
CHENNAI: Bilateral trade between India and the Netherlands should double in the next three years, which presently stands at $3 billion annually, the Dutch country's Ambassador Bob Hiensch said on Saturday.
Expressing concern on the trade between the Netherlands and India which is relatively small according to him, he said, "On yearly basis, the trade between the Netherlands and India is $3 billion and at least by next three years, I want to double it."
The annual trade growth rate between the Netherlands and India is 24 per cent and the Dutch country will take steps to increase it substantially within the next 15 years.
"The growth rate between the Netherlands and India is 24 per cent and by the next 15 years it should be 20 times more than it," Hiensch said.
Currently, exports to India from the Netherlands stood at 1.7 per cent, while from India to the Netherlands it was 1.1 per cent, he said.
"Mainly, chemicals, machinery and equipment are exported from the Netherlands to India."
"India was the largest receiver of Dutch Development Corporation till 2003, but later we shifted our focus in developing the trade, investment and science and technology (with India)", the Ambassador said.
The Netherlands is the third largest country in exporting agricultural products across the globe, Bob said and added that the management of water in India should be better.
"In the Netherlands it (water) is managed well, but here it should be managed better" he said.
Expressing Netherlands' interest in developing the Ennore Port located here, the Ambassador said that they have spoken to Union Minister for Shipping T R Baalu in this regard.
"We have lot of expertise in it (port development) and we have spoken to him (T R Baalu) on its management and security" Hiensch said.
Expressing concern on the trade between the Netherlands and India which is relatively small according to him, he said, "On yearly basis, the trade between the Netherlands and India is $3 billion and at least by next three years, I want to double it."
The annual trade growth rate between the Netherlands and India is 24 per cent and the Dutch country will take steps to increase it substantially within the next 15 years.
"The growth rate between the Netherlands and India is 24 per cent and by the next 15 years it should be 20 times more than it," Hiensch said.
Currently, exports to India from the Netherlands stood at 1.7 per cent, while from India to the Netherlands it was 1.1 per cent, he said.
"Mainly, chemicals, machinery and equipment are exported from the Netherlands to India."
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"India was the largest receiver of Dutch Development Corporation till 2003, but later we shifted our focus in developing the trade, investment and science and technology (with India)", the Ambassador said.
The Netherlands is the third largest country in exporting agricultural products across the globe, Bob said and added that the management of water in India should be better.
"In the Netherlands it (water) is managed well, but here it should be managed better" he said.
Expressing Netherlands' interest in developing the Ennore Port located here, the Ambassador said that they have spoken to Union Minister for Shipping T R Baalu in this regard.
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"We have lot of expertise in it (port development) and we have spoken to him (T R Baalu) on its management and security" Hiensch said.
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