Indian exports to the Netherlands surpassed that to Hong Kong, Singapore, the UK, and Germany as the Dutch market became India’s largest export destination in the EU.ĭuring FY 2021-22, India’s main exports to the Netherlands were mineral fuels and mineral-based products, organic chemicals, electrical machinery and equipment, aluminum, iron and steel, and pharmaceutical products.
In FY 22, the Netherlands was India’s fifth largest export destination, a leap from its 10 th position just the year prior as Indian exports jumped 94 percent. How we can help companies leverage growth in the trade and e-commerce industry.Netherlands is the fifth largest economy in the European Union (EU) while India became the fifth largest economy in the world (September 2022). The FTM is set to increase mutual investment activities as well as support and develop business cooperation between companies in both countries. India’s national investment promotion and facilitation agency, Invest India, will be the executing body of the bilateral FTM. On September 27, the Department for Promotion of Industry and Internal Trade (DPIIT) and The Embassy of The Kingdom of The Netherlands officially agreed to formalize the bilateral Fast-Track Mechanism (FTM) between India and The Netherlands. Agriculture, health, port and shipping, science and technology, technical education, and urban development are key sectors of cooperation and business.
Netherlands is India’s fourth largest source of foreign direct investment and bilateral trade between the two countries reached US$17 billion in 2021-22. The India-Netherlands Fast-Track Mechanism will facilitate faster resolution of investment cases of Dutch companies operating in India as both countries seek to strengthen their investment corridor.
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