India and the Netherlands celebrate 75 years of diplomatic relations this year. On this occasion, a special banner was unveiled to celebrate the 75th anniversary of diplomatic relations between the two countries.
To celebrate the strong political, economic and commercial ties, a large number of events and activities are planned throughout the year in a wide range of areas of cooperation, including water, agriculture, innovation, energy, climate and culture. The Netherlands has donated 3,000 fresh tulips to India as a symbol of friendship, which have been planted in the gardens of Jawaharlal Nehru Bhawan.
Relations between India and Holland
India and Holland established diplomatic relations in 1947. Since then, the two countries have developed strong political, economic and trade relations and a lot of sectoral cooperation.
commercial and commercial relations
Trade and commercial cooperation is at the heart of the bilateral relations between the two countries. After Mauritius and Singapore, the Netherlands was India’s third largest investor in the 2019-20 financial year, with inflows of $6.5 billion in foreign direct investment. Between April 2000 and December 2020, Dutch investments in India amounted to US$36.28 billion, which is the fourth place.
With $1.23 billion in Overseas Direct Investment (ODI) from India in the 2019-20 fiscal year, the Netherlands was the fourth highest destination for overseas direct investment from India. The Netherlands was also the fourth largest ODI destination in the 2020-2021 fiscal year (until January 2021), with investments of $909.9 million.
In the fiscal year 2020-21 (April-December), bilateral trade reached 6.55 billion US dollars, Indian exports to Holland amounted to 4.33 billion US dollars and Indian imports from Holland were 2.22 billion US dollars. There are more than 200 Dutch companies in India. There are also more than 200 Indian companies in the Netherlands, including all the major IT companies.
The main items of Indian exports to the Netherlands are petroleum and related products, apparel and apparel, metalworking, iron and steel, textile yarns, fabrics, manufactured materials, organic chemicals, medical and pharmaceuticals, electrical machinery, telecommunications equipment, general industrial machinery, vehicles Roads, vegetables, fruits, sea products, spices, etc.
The Dutch water expertise is among the best in the world. The Dutch perfected the art of flood control and water supply and treatment over many decades. Water technology, marine technology, and delta technology are the three main focus areas in the water sector. A framework called the Third India Water Alliance Dutch Leadership Initiative (DIWALI) has been developed to identify solutions to water-related challenges, in which both countries can work together to build solutions.
The Netherlands has the second largest Indian diaspora community in Europe (after the United Kingdom) and the largest Indian diaspora community in continental Europe. Entrepreneurs, IT and other professionals, as well as students, make up the majority of Indian citizens in the Netherlands. The diaspora acts as a vital link between the two countries and facilitates exchange between cultures. The e-tourist visa system, the Know India Program, the Trace Roots Program and the Indian Trade Training Program, among others, have contributed to the strengthening and deepening of personal relationships.
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