January 26, 2021

ficci: Indo-Dutch girls entrepreneurs discover collaboration to develop enterprise ties

NEW DELHI: Girls are identified for his or her skill to put on a number of hats and are champions of multitasking, based on Venu Rajamony, Ambassador of India to the Netherlands in the course of the first spherical of digital session organized below the tutelage of the Girls of seven Continents (W7) initiative by FICCI FLO.

He highlighted the necessity to attain out to girls throughout the globe and facilitate joint initiatives with the intention to empower and help girls entrepreneurs in direction of changing into an integral a part of the workforce enabling societal transformation and financial growth in India”.

Rajamony mentioned “This can be very necessary to deliver girls into the financial system, allow & nurture them as entrepreneurs in India to behave as catalyst, an agent which works each for skilling in addition to empowerment of ladies within the bigger developmental course of. It’s going to mechanically deliver profit to the society & nation as an entire”

“In 2018, over 6 in 10 girls had been working in Netherlands and a 3rd of ladies in Netherlands had been entrepreneurs. Preserving that in thoughts, I believe there may be nice potential for joint initiatives to deal with the challenges in empowering girls and making a sustainable life” he added

Jahnabi Phookan, President, FLO mentioned, “Deepening the synergy and enhancing the collaboration between two nations is the necessity of an hour. Our wider purpose is to create a worldwide discussion board for trade of data, expertise, visibility and connectivity amongst girls enterprise homeowners and the #W7 will the identical goal and to help, provoke and enhance efforts to combine girls distributors within the international worth chain”

Namita Taneja Krul Vice President Finance of the Netherlands India Chamber of Commerce and Commerce (NICCT) mentioned, “For years NICCT has acted in selling enterprise relationships between the Netherlands and India and we at NICCT imagine that the economies of each the nations are mutually complementary in some ways & the continued relationship evolving & rising stronger with the assistance of the embassies. We will likely be completely satisfied to assist and help girls entrepreneurs throughout their work trip, on each side of this hall”

Because the early 1980s, the Dutch Authorities has recognized India as an necessary financial companion. Bilateral relations underwent additional intensification after India’s financial liberalization within the early 1990s. In 2006, former Prime Minister Balkenende’s Authorities declared India, together with China and Russia, as precedence nations in Dutch international coverage.

Dutch Prime Minister Mark Rutte visited India from Could 24-25, 2018 together with a highlevel delegation comprising of Minister of Infrastructure and Water Administration, Deputy Prime Minister & Minister of Agriculture, Nature and Meals High quality, Minister for International Commerce and Improvement Cooperation, Minister for Medical Care and Mayor of town of The Hague. PM Rutte was accompanied by largest ever Dutch commerce mission to India comprising over 130 corporations/establishments and almost 200 commerce representatives. Throughout this go to, the Netherlands signed the Framework Settlement of the Worldwide Photo voltaic Alliance (ISA) and have become the 64th signatory member nation.

There are over 200 Indian corporations working within the Netherlands. The Netherlands emerged because the third largest investor in India in 2017-2018 with investments valued at $ 2.67 billion throughout number of sectors comparable to companies sector, buying and selling, vehicle business, fermentation industries, chemical substances and water administration. It was the second largest vacation spot for international funding by Indian corporations, after Singapore with investments price Rs. 835 billion (roughly $ 12.Eight billion) in 2017.

The highest 5 sectors attracting FDI fairness flows from the Netherlands had been companies sector, laptop software program and {hardware}, buying and selling, vehicle business and fermentation industries. India and the Netherlands have a bilateral commerce of US$ 8.77 billion (April 2017-March 2018). Indian Exports to the Netherlands grew at 14.7%, whereas Indian Imports grew at 18.2%. In the course of the present monetary 12 months, FY 2018-2019 (April to September), complete two-way commerce stood at $6.28 billion.

The Netherlands was India’s 4th largest buying and selling companion within the EU, after the UK, Germany and Belgium. The principle gadgets of Indian Exports to the Netherlands are Petroleum and associated merchandise, attire and clothes, textile yarn, materials, made-up articles, manufactures of metals and iron & metal, natural chemical substances and medicinal and pharmaceutical merchandise, electrical equipment, telecommunication tools, basic industrial machines and street autos, greens & fruit, marine merchandise, rice and occasional, tea, cacao, spices and so forth. Bilateral commerce between India and Netherlands grew in India’s favour throughout April-March 2018. The profitable implementation of the digital Tourism Visa (eTV) within the Netherlands w.e.f. 15 August 2015 has contributed vastly to elevated enterprise and tourism flows and folks to individuals contacts.

The Netherlands has recognized 9 sectors as key sectors viz. Agriculture, Water administration, Ports and logistics, Inland waterways, Healthcare, Science & know-how, City growth, Delivery and Renewable power. Because the Dutch strengths in these sectors match India’s wants, these are precedence sectors for bilateral cooperation.