Modi invites Dutch companies to explore opportunities in India

By Deepak Arora

THE HAGUE, May 16: Prime Minister Modi has welcomed the deepening of business-to-business ties between India and the Netherlands, and appreciated the growing interest of Dutch companies in India’s economic vibrancy.

Modi encouraged Dutch companies to explore opportunities in India, particularly in maritime, renewable energy, digital technologies, semiconductors, artificial intelligence, and healthcare sectors.

The Prime Minister along with his counterpart from the Netherlands Rob Jetten held discussions today with prominent CEOs of leading Dutch companies across various sectors such as energy, ports, health, agriculture trade, and technology, among others.

Modi highlighted the recent reforms and initiatives and emphasized on efforts to improve the ease of doing business and to establish a stable, efficient, and predictable policy environment.

The business leaders made presentations on three clusters: Semiconductors, Technology and innovation; Infrastructure, logistics and maritime; and Sustainability, Energy and Agriculture; outlining their strategies for India.

Ahead of the meeting, an agreement between ASML and Tata Electronics was signed in the presence of the two leaders. They welcomed the decision of Tata Electronics and ASML to partner together for India’s first front-end semiconductor FAB in Dholera, Gujarat.

​The two Prime Ministers called for early implementation of the India-EU FTA. The FTA reinforces India and the European Union as trusted and reliable partners, committed to open markets, inclusive growth and resilient supply chains.

​Industry leaders appreciated the Government of India’s reform agenda and shared their future plans for India. They expressed interest in exploring opportunities to enhance their presence in India.

The following CEOs attended the meeting:

Keith Svendsen, CEO, APM Terminals; Christophe Fouquet, President & CEO, ASML; Arnout Damen, CEO, Damen Shipyards Group; Dolf van den Brink, Chairman of the Executive Board & CEO, Heineken; Marjan Rintel, President & CEO, KLM Royal Dutch Airlines; Maurice Geraets, CEO NXP Semiconductors Netherlands; Roy Jakobs, CEO, Philips; Boudewijn Siemons, CEO, Port of Rotterdam; Occo Roelofsen, CEO, Power2X; Fabricio Bloisi, CEO, Prosus; Sander van’t Noordende, CEO, Randstad; Martijn Eggink, Managing Director, Rijk Zwaan Zaadteelt en Zaadhandel; Hans Huistra, CEO, Royal HZPC Group; Derk te Bokkel, CEO, Royal IHC; Dick Richelle, Chairman of the Executive Board & CEO, Royal Vopak; and Govert van Oord, CEO, Van Oord.

ASML, Tata Electronics sign agreement for Semiconductor manufacturing

By Deepak Arora

THE HAGUE, May 16: Prime Minister Narendra Modi, accompanied by Prime Minister of the Netherlands Rob Jetten witnessed the signing of an agreement between Tata Electronics and ASML to support the semiconductor Fab in Dholera, Gujarat.

​The two Prime Ministers welcomed the decision of Tata Electronics and ASML to partner together for India’s first front-end semiconductor Fab in Gujarat. Modi highlighted the partnership as an important step in India’s journey for developing a semiconductor ecosystem in the country.

​ASML is a Dutch multinational corporation and one of the leading suppliers for high-precision lithography equipment, a critical requirement in manufacturing of semiconductor chips. Tata Electronics, a subsidiary of the Tata Group, is an Indian electronics and semiconductor manufacturing company which is establishing a semiconductor manufacturing facility in Gujarat.