As regards foreign direct investments, Shri Kamal Nath emphasised that there is large scope for Dutch investments in India in the areas like agriculture, infrastructure, automotives, biotechnology, food processing and pharmaceuticals.
He informed that Netherlands now ranks 4th in the list of countries in terms of cumulative FDI inflows into India during the period August 2001 to July 2007 with total inflows amounting to about US $ 2.8 billion.
On the multilateral front, Shri Kamal Nath said: “India looks forward to the conclusion of the Round by the end of 2007 or at the latest by the early part of the next year. India has been engaging constructively and actively with other fellow member countries of the WTO towards this end.
Such a conclusion can only be possible if we are faithful to the mandate and the outcome reflects a clear balance between market opening and the development needs of the majority of the membership.
India will obviously show flexibility to achieve such an outcome but the onus for movement is clearly with the large developed countries”.
The main exports to the Netherlands are: petroleum (crude and products); RMG cotton including accessories; electric goods; machinery items etc and the main imports from Netherlands are: Metalifers ores, metal scraps, machinery except electric and electronic, organic chemicals, transport equipments etc.
The top sectors attracting FDI inflows from Netherlands are: electrical equipment (including computer software and electronics), chemicals (other than fertilizers), fuels (power and oil refinery), services sector (financial and non-financial) and transportation industry.
Press Information Bureau Government of India
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