Netherlands keen to attract Gujarat cos

UTVi
11 August 2009, by Himanshu

http://www.utvi.com/news/latest-business-news-india/29293/netherlands-eye-gujarat-for-invt-.html

Netherlands Foreign Investment Agency (NFIA) is keen to tap the potential of the Rs 13,000 crore pharma industry in Gujarat, and will be wooing pharma players to set up their R&D facilities in Netherlands.

The initiative from NFIA comes soon after Reserve Bank of India released its 2008-2009 outward FDI report, which says Netherlands was the second preferred FDI investment from India after Singapore. Netherlands received 17% of all cleared proposals in the last financial year.
 
"Companies that export to Europe obviously feel the need to be closer to their customers. Pharmaceutical companies, which look for possibilities to co-operate with research institutes in Europe, should keep in mind that Netherlands has excellent pharmacological research... we need Indian companies, especially companies from Gujarat, to help us develop new products on the basis of excellent research being done in Netherlands," said Robert Schipper, executive director, NFIA.