India and Netherlands Strengthen Ties with 17 New Agreements Focused on Semiconductors and More
India-Netherlands announce 17 outcomes, focus on semiconductors
Image: Business Standard
During Prime Minister Narendra Modi's recent visit to the Netherlands, India and the Netherlands announced 17 agreements aimed at enhancing cooperation in semiconductors, renewable energy, and defence, among other sectors. The partnership is expected to bolster trade, with bilateral trade valued at $27.8 billion and a cumulative foreign direct investment of $55.6 billion from the Netherlands into India.
- 01The partnership roadmap includes structured cooperation in political, trade, and investment sectors, as well as defence and emerging technologies.
- 02An agreement was signed between Tata Electronics and ASML for India's first front-end semiconductor fab in Dholera, Gujarat.
- 03The leaders launched a roadmap for developing green hydrogen, with the Netherlands collaborating with India's NITI Aayog.
- 04A joint initiative will connect the Dutch Semicon Competence Centre with India's Semiconductor Mission for educational purposes.
- 05The University of Leiden returned Chola-era copper plates to India during the visit, highlighting cultural ties.
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India and the Netherlands have announced 17 agreements to deepen bilateral cooperation following Prime Minister Narendra Modi's visit to The Hague. Key outcomes include a focus on semiconductors, with Tata Electronics partnering with ASML to establish India's first front-end semiconductor fab in Dholera, Gujarat. The two countries aim to enhance collaboration in renewable energy, particularly in developing a roadmap for green hydrogen. They also established a strategic partnership roadmap to facilitate structured cooperation in various sectors including defence, trade, and emerging technologies. Notably, the Netherlands is a significant trade partner for India, with bilateral trade reaching $27.8 billion and cumulative foreign direct investment amounting to $55.6 billion. The leaders addressed global issues, including the Russia-Ukraine war and its implications for energy supplies, while emphasizing the importance of a free and open Indo-Pacific region. Additionally, cultural ties were highlighted as the University of Leiden returned historical artifacts to India. This visit marks a significant step in strengthening India-Netherlands relations.
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The agreements are expected to enhance trade opportunities for Indian exporters and improve access to advanced technologies, particularly in the semiconductor sector.
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