New Delhi: India hailed the focussed approach of the Netherlands for recognizing collaborations in bio-technology, agri-business, health, infrastructure and logistics and research and development. During the visit of Dutch Minister for Foreign Affairs, Mr Frank Heemskerk here, the Union Commerce & Industry Minister Mr Kamal Nath, said: they are happy that the Dutch delegation consists of both small and medium enterprises and has identified focused areas for further collaboration. There is great potential for further intensification of trade and investment relations between India and the Netherlands. He said exports from India during 2002-06 to the Netherlands rose by 11.16 per cent. On India-European Union Free Trade Agreement, both sides resolved that common areas have been identified and further discussions would be held in the third round, scheduled to be next month.
Mr Nath said that there was large scope for Dutch investments in India in agriculture, infrastructure, automotives, biotechnology, food processing and pharmaceuticals. The Netherlands now ranks fourth in the list of countries in terms of cumulative FDI inflows into India during the August 2001-July 2007 period with total inflows amounting to about $2.8 billion. The Netherlands is also among India''s top ten trading partners. India''s main exports to the Netherlands include petroleum (crude and products), readymade garments, electric goods, machinery and the main imports from the Netherlands include metaliferrous ores, metal scraps, machinery (except electric and electronic), organic chemicals, transport equipment.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment