During the session, Bart de Jong stated, “We are one of the largest investors in India and that is remarkable for a country of our size.” One cause why the Netherlands has been a favourite for lots of nations is the quantity of bilateral agreements it has with a number of nations. Among them are agreements guaranteeing protection for investments, as is the case with India.
Talking about Indo-Dutch relations, Vikas Chaturvedi stated, “There has been phenomenal interest of Dutch institutions in India, in particular institutions like FMO, PGGM and other pension funds which appear for possibilities in India.” He added these institutions are prepared to invest if the projects are feasible.
The Netherlands is hunting at sectors such as manufacturing, wise cities, chemical, water management, agriculture, life sciences and wellness and so forth for possible investments. Jong stated, “We see a lot of opportunities and see some hurdles which is why we continue our dialogue with Indian authorities.”
Investors are conscious that India is the spot to be in sooner or later, but some continue to harbour fears about the nation. That stops them from investing in India sooner, stated Victor Eveleens. “Some companies still think India is a scary place for investments. This comes due to fear of compliance issues. It is quite a hurdle to overcome. Adding to it, is a reputation of corruption that limits people from coming to India. Lack of infrastructure and low-skilled manpower in the case of specific sectors impact the decision-making process of the companies further.” Eveleens added that the sudden rise in import duties also hurt organizations.
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IKEA India also sources material from the provide chain that is spread across several nations, also feels the pinch of rise in sudden tariffs. Meanwhile, Preet Dhupar, stated, “There is a need to draw a balance between self-reliance and liberalisation. Both are important. But both have to work in tandem with each other.” IKEA for more than two decades have been sourcing from India for other shops in distinctive components of the planet. Dhupar stated the firm is hunting at improve sourcing of material other than textiles from India.