Netherlands was the second largest destination for foreign direct investment (FDI) from India in 2017-18 (FY18), with investments reaching a massive $12.8 billion, reports The Hindu BusinessLine (BL).
Indian investments in the country were second only to Singapore. In turn, the Netherlands was also the third largest foreign direct investor in India in FY18, with investments reaching $2.67 billion across industries.
“India and the Netherlands ties are growing stronger each day. India is a key strategic partner for the Netherlands—both economically and geopolitically,” said Marten van den Berg, Netherlands Ambassador to India while addressing the Dutch-India Dialogue on Trade & Technology’ on Wednesday.
The event was jointly organised by Indian School of Business (ISB), Hyderabad, and the Netherlands Business Support Office in Hyderabad. “Our partnership can greatly contribute towards achieving the Sustainable Development Goals (SDGs) by 2030,” Berg added.
Growing Economic Partnership
Bilateral trade between the two countries topped $ 8.77 billion in FY18. While Indian imports from the Netherlands expanded at 18.2 per cent, Indian exports to the Netherlands grew at 14.7 per cent.
Exhibiting an increasing trend, India received $2.95 billion FDI from the Netherlands in the first nine months of FY19 (2018-19), topping FY18 figures.