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India’s Economy Striding into the Future with Confidence

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DIPLOMAT MAGAZINE “For diplomats, by diplomats” Reaching out the world from the European Union First diplomatic publication based in The Netherlands Founded by members of the diplomatic corps on June 19th, 2013. Diplomat Magazine is inspiring diplomats, civil servants and academics to contribute to a free flow of ideas through an extremely rich diplomatic life, full of exclusive events and cultural exchanges, as well as by exposing profound ideas and political debates in our printed and online editions.

India, Reform, Perform and Transform !

In the picture The King of The Netherlands, His Majesty King Willem Alexander welcomed by the Ambassador of India to The Netherlands H.E. Mr. Venu Rajamony and spouse Dr. Saroj Thapa.

By Roy Lie Atjam.

The Hague, 4 October 2019, the Embassy of India in The Hague organized a  special Briefing Session for participants of the Trade Mission delegates visiting India from 14-18 October 2019.

The host H.E. Mr Venu Rajamony warmly welcome his guests.

An estimated 150 or so Dutch companies and some 250 business representatives have travelled to India as delegates of the Trade Mission during the Technology Summit, where the Netherlands is the partner country.

King Willem- Alexander and Queen Maxima are visiting India as state guests during the Summit and will also visit Mumbai and Kochi. 

“It is expected that the trade mission will give a significant boost to the bilateral relations” said  Mr Stef Blok, Foreign Minister of the Netherlands, Ms Sigrid Kaag, Minister for Foreign Trade and Development, Bruno Bruins, Minister for Health, Welfare and Sport, Ms Mona Keijzer, State Secretary for Economic Affairs and Climate Policy are part of the delegation along with Ms Ineke Dezentje Hamming-Blue mink Chairman of FME, the largest industrial employers and business organization in Holland.

The theme of the  briefing session in The Hague on 4th October was, the Indian Economy: Striding into the Future with ConfidenceIndia 2020. 

Speakers at the session included the Ambassador of India H.E. Mr Venu Rajamony, Mr Michiel Sweers, Deputy Director General at the Ministry of Economic Affairs and Climate Policy, heading the innovation and knowledge tracks at the Ministry. He is a good friend of India. Sweers described India’s dynamism as mind bubbling.

Further, Ms Ravneet Mann, Head of Europe operations at Invest India. Invest India is the National Investment Promotion and Facilitation Agency that helps investors looking for investment opportunities and options in India and can hand hold companies who are looking to enter India.

Another speaker was Mr Anjan Das, head of the Technology division at the Confederation of Indian Industries (CII), the main organizers of the Technology Summit. CII is also spearheading the Global Innovation and Technology Alliance, which the Netherlands can also consider partnering with India in. The Technology Summit should not be a one-off event and we hope that an India-Netherlands Business Alliance for Technology can be one of the key outcomes.

The Indian Government has committed US$1.4 trillion for the development of modern infrastructure overcoming five years.

In his welcome remarks, Ambassador Venu Rajamony remarked, there are four important factors of India’s growth story which are difficult to find elsewhere in the world together. These four factors are Democracy, Demography, Demand and Decisiveness.

The motto of the Indian Government is Reform, Perform and Transform !

Ambassador Rajamony went on to illustrating potentials, competitiveness, strength and projects of the Indian economy. Projects such as India 2020, institutions to attract and facilitates investors: Europe Outreach, Invest India. Furthermore,  Confederation of Indian Industry(CII)

Rajmoney particularly mentioned the clear complementarity between India’s needs and Dutch strengths. Our IT companies present in the Netherlands he said,  provide great value addition to the Dutch economy. We can have a sustained 2-way flow of trade and business activities by building on each others’ strengths. 

Early in November 2019, Embassy is planning to organize a post-trade mission briefing to get feedback on how we can follow up to the Mission. 

The briefing was well attended and was by all means success.

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