India-Netherlands Current Affairs
India and Netherlands launched Clean Air India Initiative in New Delhi. It aims to curb air pollution in Indian cities by promoting partnerships between Indian start-ups and companies from Netherlands. It also aims build network of entrepreneurs working on business solutions for cleaner air.
Clean Air India Initiative is collaborative project between Get In The Ring, a platform for start-ups of Netherlands Government, Start-up India and INDUS Forum, an online matchmaking platform of Indian and Dutch businesses. It is multi-corporate challenge that will test and scale innovations through collaboration between startups, corporates and governments by providing pilot opportunities for promising innovations that solve problem of pollution.
Indo-Dutch Startup Initiative: #StartUpLink
The initiative aims fulfil twin objective of facilitating market expansion for startups in two countries alongside fostering joint sense of innovation and entrepreneurship. It will help startups from both countries that are exploring each other’s markets and offers access to key information, relevant networks, pilot opportunities, and navigators for respective startup ecosystems.
Shell E4 Start Hub
Dutch oil major Shell, as a partner for the Indo Dutch #StartUpLink,has come on board with aim of accelerating India’s transition to sustainable energy future. It has established Shell E4 Start Hub to enable and empower energy entrepreneurs in progressing their impactful solutions. It is the first energy focused startup hub in India, offering startups access to infrastructure (labs+co-working space), industry knowledge, subject matter expertise, funding, global connections and brand recognition, combined with world-class accelerator program.
India and the Netherlands have signed three MOUs after the meeting between Prime Minister Narendra Modi and his Dutch counterpart Mark Rutte in Hague the Netherlands. Prime Minister’s visit to the Netherlands has come at a time when both the countries are celebrating 70 years of diplomatic relations.
The Netherlands has backed India’s entry into Nuclear Suppliers Group (NSG) and other multilateral export control regimes. The Netherlands also supported India’s bid for a permanent UN Security Council seat. For its part, India has thanked the Netherlands for its role in India’s accession to the Missile Technology Control Regime in June 2016. Also, Prime Minister Modi invited the Netherlands to join the International Solar Alliance. In addition, both the countries have reaffirmed their commitment towards Paris climate deal.
In total three agreements were signed:
- MOU on Cultural Cooperation,
- MOU on Water Cooperation
- Agreement on Amending Social Security Arrangement
After Independence, Indo-Dutch relations have been multifaceted. Since, the 1980s, the Netherlands have identified India as an important economic partner. The relationship got further intensified after India’s economic liberalisation in the 1990s.
Both the countries have the potential to further collaborate in areas like water management; infrastructure, logistics, ports, highways; inland water transportation; ICT; biotech; agriculture, agro-processing, floriculture; creative design industry etc. Major Indian exports to the Netherlands includes textiles & garments; electric machinery & equipment; agricultural products and processed foods including marine products; leather goods etc. The main imports from Netherlands include machinery/equipment; medical/optical instruments; chemicals; plastics, and metal products.
Netherlands is host to one of the largest population of people of Indian origin in Europe. It is home to about 220,000 Indian and Surinami Hindustani Diaspora.