Netherlands is India's natural partner: PM
Describing the Netherlands as India's "natural partner" in its economic development, Prime Minister Narendra Modi on Tuesday said the bilateral ties with the country's major trading partner will grow rapidly.
After the bilateral talks between Prime Minister Modi and his Dutch counterpart Mark Rutte, the two countries signed three MoUs in the fields of social security, water cooperation and cultural cooperation.
During the talks, the two leaders reaffirmed their commitment to climate change accord and strengthen cooperation in developing renewable energy.
Ahead of the talks, Modi who is here on the final leg of his three-nation tour thanked the key European nation for backing India's Missile Technology Control Regime (MTCR) membership.
"Because of your support India got the membership of the MTCR," Modi said.
India joined the MTCR as a full member last year. MTCR membership enables India to buy high-end missile technology and also enhances its joint ventures with Russia.
"Ties between India and the Netherlands are very old. Our bilateral relations are very strong," he said.
He said that relations between India and the Netherlands are century old and the two countries will keep on moving towards stronger ties.
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. He commended India for its commitment to renewal energy and to the Paris climate agreement.
He praised Modi for announcing major sustainable initiatives like 'Clean India' and 'Make in India'.