Try GOLD - Free
'We Are One Of India's Biggest Trade Partners'
The Dollar Business
|December 2017
References of a strong trade alliance between India and Netherlands can be traced back to the 17th century. Even today, the two nations boast of a robust relationship. In an interaction with The Dollar Business, H.E. Alphonsus Stoelinga, Ambassador of Netherlands to India, talks about the ways to further consolidate the strong bilateral relations and maximise opportunities for investors from both countries.
TDB: Indian Prime Minister Narendra Modi called Netherlands ‘India’s natural partner’ in economic development. Your Comments.
H.E. Alphonsus Stoelinga (AS): Today, warmth, friendship and commonality of views on a wide range of issues are characteristics of India-Netherlands relationship. Historically, trade between India and Netherlands dates back to the early 17th century, as far as 1610 AD. Textiles, precious stones, saltpetre, indigo, opium, silk, and pepper were some of the products shipped by the Dutch to and from India during that period.
The Netherlands today continues to be one of India’s largest trading partners in the European Union. It also remains amongst India’s top ten partners when it comes to trade volumes with a positive balance of trade in favour of India. Netherlands is also the third largest investor in terms of foreign direct investment (FDI) inflow into India. On the other hand, India is for us the fifth largest source of FDI.
Recent times have witnessed the relations between India and the Netherlands largely being shaped by engagement in trade and investment. About 40% of our economy is dependent on international trade, so we have no way out but to look for international business. India, on the other hand, is less dependent on international business.
There have been some major acquisitions and mergers by Indian companies including that of Corus by Tata Steel and Vredestein by Apollo Tyres and many Indian companies are exploring the possibilities for further tie-ups.
TDB: What are your thoughts on India’s youth and workforce? Will India’s demographic dividend pay-off in the long-run? How do you see India’s growing startup culture?
This story is from the December 2017 edition of The Dollar Business.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Dollar Business
The Dollar Business
Our Partnership With India Is Vibrant & Growing
The US-India relationship has been called as one of the most defining partnerships of the 21st century by none other than US President Barack Obama. In an interaction with The Dollar Business, Richard R. Verma, US Ambassador to India, talks about the ties between the two democracies and the way forward for bilateral trade and investments.
10 mins
September 2016
The Dollar Business
Enhance Support Under Meis To 5%
Council for Leather Exports (CLE) is the apex trade promotion organisation of the Indian leather industry. Of late, this industry body has taken up several initiatives to bolster exports of leather products from the country. The Dollar Business caught up with M. Rafeeque Ahmed, Chairman, CLE, to understand what the Council is doing to give up a leg up to the industry in overseas markets.
5 mins
September 2016
The Dollar Business
We Helped Namibia Conduct Its 2015 General Elections
The Indian government’s recent decision to relax FDI norms in defence has brought in a wave of dynamism into the sector. The Dollar Business caught up with Kiran V., General Manager – International Marketing, Bharat Electronics Ltd., one of the few defence exporters from India, to learn what the policy change means for the sector.
5 mins
September 2016
The Dollar Business
Rcep Can Boost Business Across a Large Region
New Zealand and India have a lot in common – from their love for cricket to their Commonwealth heritage and much more. Despite this the bilateral trade between the two countries is yet to live up to its potential. In an exclusive interaction with The Dollar Business, Grahame Morton, High Commissioner of New Zealand to India, talks about various ways to improve social, political and trade ties between the two nations.
11 mins
October 2016
The Dollar Business
MEIS: When Change Is the Only Constant
The Merchandise Export from India Scheme (MEIS), which was introduced in FTP 2015-2020, has undergone several changes. Recently again, while 2,901 tarifflines were added to the MEIS schedule, reward rates across 575 tarifflines were altered. While just the word ‘added’ may sound good to some exporters, for the most, frequent changes and ambiguities in notifications are confusing many.
6 mins
October 2016
The Dollar Business
New-gen Newsmakers
The Dollar Business Celebrates the Success of Rising Stars of Indian Foreign Trade for Them the Sky Is No Limit, It’s Just a Direction!
18 mins
December 2016
The Dollar Business
We Will Be Exporting to 30 Markets From India by End of 2016
Daimler AG has been active in the commercial vehicle business in India since the 1950s. However, it only started manufacturing in the country in 2012 through its subsidiary Daimler India Commercial Vehicles (DICV). And since then there has been no looking back. The Dollar Business caught up with Erich Nesselhauf, MD & CEO, DICV, to know the secret to DICV's success.
4 mins
December 2016
The Dollar Business
What's In Store For Global Trade In 2017?
The year gone by was eventful, both for the world and India. While the much-awaited Goods and Services Tax (GST) was passed by the Indian Parliament, United Kingdom voted to exit the European Union. While Donald Trump took the world by surprise, Indian Prime Minister Narendra Modi's sudden announcement of demonetisation left the whole country in a financial shock. The global commodity market too woke up from a slumber, though there is more recovery that can be made. While these and many other such events shook the world in 2016, their impact on global trade and policy environments will only likely be seen in 2017. Will 2017 be a year of change for the better? The Dollar Business takes a look at key elements and occurrences that could change world trade in 2017.
10 mins
January 2017
The Dollar Business
Demonetisation & Its (Side) Effects
While a large segment of the Indian population supports the post-Diwali demonetisation drive, that its impact on India's economy will be negative in the short term is a given. The Dollar Business analyses how the move could well prove a headwind for India's manufacturing, foreign trade and economic growth.
10 mins
January 2017
The Dollar Business
Will Trade Triumph Over Trump?
With the Electoral College in US voting in favour of Donald Trump, questions of who will be the most powerful man in the world after Obama have been put to rest. What would a President Trump, who won on an isolationist platform, mean for the future of world trade? Will a US withdrawal from TPP signal the beginning of the end for the mega trade pact? Will China eventually benefit? The Dollar Business finds out.
7 mins
January 2017
Translate
Change font size