India, Netherlands sign three MoUs during PM Modi’s visit

RSTV Bureau
Amsterdam: Prime Minister Narendra Modi meeting the Prime Minister of Netherlands, Mark Rutte at Amsterdam, Netherlands on Tuesday. PTI Photo / PIB

Amsterdam: Prime Minister Narendra Modi meeting the Prime Minister of Netherlands, Mark Rutte at Amsterdam, Netherlands on Tuesday. PTI Photo / PIB

Prime Minister Narendra Modi met his Dutch counterpart Mark Rutte to strengthen bilateral ties between the two countries. The two sides signed three MoUs in the fields of social security, water cooperation and cultural cooperation.

PM Modi described Netherlands as India’s “natural partner” in its economic development and predicted that the bilateral ties will grow rapidly between the two sides.

During the talks, the two leaders reaffirmed their commitment to climate change accord and strengthen cooperation in developing renewable energy.

“Ties between India and the Netherlands are very old. Our bilateral relations are very strong,” PM Modi said.

PM Modi said the Netherlands is the 5th largest investment partner globally and in the last three years it has emerged as the 3rd largest source of FDI for the country.

In the joint address, Dutch Prime Minister Rutte said India’s emergence as a global power is a “welcome development from both political and economic point of views.”

“Political because of the values we share with respect of rule of laws and security,” he said.

“The Netherlands is a key partner to help India achieve its goals…India is now a global economic power. It is world’s second biggest economy and Indian market has a lot of potential. We have a plenty to offer to India too,” he added.

Rutte also commended India for its commitment to renewal energy and to the Paris climate agreement. He also praised Modi for announcing major sustainable initiatives like ‘Clean India’ and ‘Make in India’.

“Today we are giving fresh impetus to ties by easing the flow of capital in both directions. I believe this is one of the many ways to boost ties in the next 70 years and beyond,” said Rutte while explaining how the two countries are celebrating 70 years of the establishment of Indo-Dutch diplomatic relations.

PM Modi received by Dutch FM Bert Koenders at Schiphol Airport in Amsterdam on June 27, 2017.

PM Modi received by Dutch FM Bert Koenders at Schiphol Airport in Amsterdam on June 27, 2017.

Modi, during his day-long visit, will also call on King Willem-Alexander and meet Queen Maxima.

He would also be meeting with CEOs of major Dutch companies and encourage them to join the Indian growth story.

Earlier in the day, PM Modi was received at the Schiphol Airport by Dutch Foreign Minister Bert Koenders.

(With inputs from PTI)