PM Modi Visits Netherlands to Strengthen Trade and Defence Ties
PM Modi arrives in Netherlands for talks on trade, tech, defence ties
Business StandardImage: Business Standard
Prime Minister Narendra Modi arrived in the Netherlands on May 15, 2023, to enhance bilateral cooperation with Dutch Prime Minister Rob Jetten in trade, technology, and defence. The visit aims to build on the recently finalized India-EU Free Trade Agreement, focusing on sectors like semiconductors and renewable energy.
- 01PM Modi's visit to the Netherlands is part of a five-nation tour, following a brief stop in the UAE.
- 02Bilateral trade between India and the Netherlands is valued at USD 27.8 billion for 2024-25.
- 03The Netherlands ranks as India's fourth-largest investor, with cumulative foreign direct investment of USD 55.6 billion.
- 04Modi is expected to engage with over 90,000 non-resident Indians and the Suriname-Hindustani community during his visit.
- 05The visit aims to deepen cooperation in sectors like semiconductors, renewable energy, and defence.
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Prime Minister Narendra Modi arrived in the Netherlands on May 15, 2023, as part of a five-nation tour aimed at strengthening bilateral ties. He was welcomed by senior Dutch officials, including Rear Admiral Ludger Brummelaar and Foreign Minister Tom Berendsen. In a social media post, Modi highlighted the significance of the visit, noting that it coincides with the recent India-EU Free Trade Agreement, which enhances trade and investment opportunities between the two nations. The agenda includes discussions with Dutch Prime Minister Rob Jetten and engagements with King Willem-Alexander and Queen Maxima.
The Ministry of External Affairs (MEA) emphasized that the visit would bolster the India-Netherlands partnership, particularly in strategic sectors such as technology, defence, and renewable energy. With bilateral trade valued at USD 27.8 billion for 2024-25, the Netherlands stands as one of India's largest trade partners in Europe and its fourth-largest investor, contributing USD 55.6 billion in foreign direct investment. Modi's interactions with the Indian diaspora, which includes over 90,000 non-resident Indians, further underline the importance of people-to-people connections in this growing partnership.
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The strengthening of trade and investment ties could lead to more job opportunities and increased economic growth in both countries.
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