Boskalis and Philips visit India

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Posted October 17, 2019

Parallel to the state visit to India by King Willem-Alexander and Queen Máxima is also a trade mission Monday through Friday. Ministers Sigrid Kaag (Foreign Trade) and Bruno Bruins (Medical Care) are joining, along with State Secretary Mona Keijzer (Economic Affairs).

They are there together with a delegation of companies and knowledge institutions, including Rabobank, Boskalis, Port of Rotterdam, Philips and Wageningen University. The trade mission focuses on innovation in agriculture, water and healthcare. On Tuesday and Wednesday, the delegation will be a guest at an annual technology fair in New Delhi.

The Netherlands exported over 2.1 billion worth of goods to India in 2018, according to CBS figures. Conversely, almost 3.4 billion worth of goods from India came this way. The trade deficit is therefore 1.2 billion euros, a halving compared to 2012. Machines (including vehicles) and chemical products are the most important export goods from the Netherlands to India.

India also provides more services to the Netherlands than vice versa. In 2018 this difference amounted to 1.9 billion euros, compared to 700 million in 2014.

Source: trinitybugle.com