India invites Dutch investments
New Delhi, Nov 26 (UNI) Ahead of discussion on free trade agreement with the European Union next month, India has invited Dutch investment in agriculture, infrastructure, automotives, biotechnology, food processing and pharmaceuticals in the country.
The Netherlands ranks 4th in the list of countries in terms of foreign direct investment (FDI) inflows of 2.8 billion dollar into India from August 2001 to July 2007.
During bilateral talk with Dutch Minister for Foreign Affairs Frank Heemskerk here today, Commerce and Industry Minister Kamal Nath said there is great potential for increased trade and investment relations between the two countries.
He expressed satisfaction that the bilateral trade between them has gone up by 22.3 per cent in 2006, while the total Indo-Dutch trade in 2002-2006 had almost doubled recording a growth of 97.79 per cent. India's exports to the Netherlands in these five years increased by 87.23 per cent, while Dutch exports to India went up by 11.16 per cent.
"We are happy the Dutch delegation comprising of both small and medium enterprises has identified biotechnology, agro-industry, medical sector, infrastructure and logistics as focus areas,'' he said, adding this approach will help identify concrete collaborations in view of vast potential that exists in these areas.
Mr Kamal Nath said the Netherlands is among India's top ten trading partners and investors.
On
multilateral
front,
he
expressed
the
hope
that
the
Doha
Round
of
talks
would
be
conlcuded
by
the
year
end
or
early
next
year.But
at
the
same
time
he
said
it
would
be
possible
only
if
fellow
members
of
the
World
Trade
Organisation
werefaithful
to
its
mandate
and
the
outcome
reflected
a
clear
balance
between
market-opening
and
development
needs
of
majority
of
the
members." We
will
show
flexibility
to
achieve
such
an
outcome
but
the
onus
for
movement
is
clearly
with
the
large
developed
countries."
UNI