Shri Kamal Nath, Union Minister of Commerce & Industry, has stated that the bilateral trade between India and Netherlands has increased from a level of US $ 3.9 billion in 2006-07 to US $ 7.2 billion in 2007-08. During his interaction with the Dutch Minister for Foreign Trade Mr. Franck Heemskerk, Shri Nath said that the Netherlands is amongst India’s top trading partners and the two way trade has shown a healthy increase.
Speaking at the bilateral meeting, Shri Kamal Nath said that the Netherlands ranks 5th in terms of investments and the cumulative Foreign Direct Investment inflows from Netherlands during 1991-2008 (up to October) were US $ 4.1 billion.
While interacting with the visiting Dutch Minister, Shri Kamal Nath informed that the success of the India-EU FTA negotiations is going to be judged by the economic operators on both sides. “This underscores the importance that I have repeatedly conveyed, about the need for a balanced outcome”, he added.
Major items of exports to Netherlands are petroleum, RMG cotton, ferro alloys, electronic goods, machinery & instruments while the imports from Netherlands are electronic goods, metalifers ores & metal scrap, transport equipments, organic chemicals, iron & steel.
The top sectors which attracted Dutch investments include telecommunication, services, trading activities, food processing and chemicals etc. Investment by top Dutch companies in India are from Hewelett Packard, Horizon, Cementrum, Powergen Holdings and Solvayay Holding.
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