Indian business community wooed to invest in Netherlands

NewKerala
26 July 2009, by UNI

http://www.newkerala.com/nkfullnews-1-80481.html

Dutch Ambassador to India Bob Hiensch today wooed the Indian business community to invest in the Netherlands and use it as a gateway to enter the European market.

Speaking at the valedictory function of Hybrid Auto Rickshaw contest and exhibition, organised by the SRM University at its campus in suburban Kattankulathur last night, he said the Netherlands offers tremendous potential in the fields of ICT, biotechnology, agriculture, infrastructure
and logistics, medical technologies and water technologies.

He said the Netherlands was the ideal place for investments
as it offers excellent business and investment climate.

He said Dutch also offers great possibilities for cooperation in creative industries, especially in design technology and automotive sector. ‘’Netherlands is the design partner for India in 2010,’’ he added.

He said though Holland does not even have a Dutch brand car, his country does make cars and trucks for Mitsubishi (NedCar) and trucks for Scania.

‘’More than 65 per cent of the value in car production is created by the suppliers and it is increasing. Nearly 95 per cent of the automotive companies in the Netherlands are suppliers. It is a big sector with more than 250 companies, with a business volume of 17 billion dollars, employing 40,000 people’’, he added.

Observing that the automotive sector in the Netherlands was developing a strategy to enter Indian market, Mr Hiensch invited Indian entrepreneurs to have collaborations with his country, which was the second investment destination for Indian FDI.

''Despite economic downturn in the world, the Netherlands attaches relative importance to India for the growth of both the countries.

India as a potential market or investment destination is increasing there are possibilities for closer cooperations’’ he said.

‘’This is the time to look seriously at India for markets, efficiency (outsourcing), production (manufacturing) and for cooperation both in scientific and example design,’’ he added.