Invest In The Netherlands: NFIA

The Netherlands Foreign Investment Agency (NFIA), in association with Amsterdam Metropolitan Area and NASSCOM, is planning to increase its interaction with India's leading corporates in Bengaluru. NFIA will reach out to leading corporates in the Information Technology sector through a focused executive briefing, titled 'Amsterdam – IT Hub for Europe' on 14th October 2008, at the Grand Ashok Hotel, Bengaluru. The briefing in Bangalore is the first in a series of two events.

The executive briefing will showcase the strengths and advantages that the Netherlands offers as a strategic business destination for corporates who want to establish or expand their operations in Europe. Many leading Indian corporations such as TCS, Tata Steel, Wipro, Suzlon Energy, Genpact, Moser Baer, Infosys, Aurobindo Pharma, and Polaris Software, have already taken advantage of the benefits the Netherlands offers in this respect.The executive briefing will commence with a keynote address by NASSCOM and a presentation by Lodewijk Asscher, vice mayor, City of Amsterdam on 'Think IT, Think Amsterdam'. The strengths of the Netherlands as a bridge-head to Europe will be exemplified through first hand experiences of Indian and global multinationals -- TCS, Satyam, Wipro and Cisco Systems. A panel discussion will highlight how Indian companies can set up IT business operations in the Netherlands and where they can get assistance and advice on such important issues as registration of a branch or subsidiary, taxation, visa and immigration.The executive briefing session coincides with the visit of an official and economic delegation from The Netherlands headed by Lodewijk Asscher. The delegation will be interacting with Indian companies to promote the Netherlands as an investment destination.Robert V. Schipper, executive director, NFIA India, said, "We have more than 5000 foreign companies having operations in the Netherlands. At the moment around 50 of these companies are headquartered in India and their number is rapidly increasing. In 2007 alone, more than 10 Indian companies have set up or acquired new operations in the Netherlands, which emphasises the fact that the Netherlands offers great advantages to the new age businesses and it has emerged as the preferred choice amongst Indian companies as a strategic investment destination."

"NFIA recognises the investment potential that India has on offer and has ambitious plans for attracting investments from major Indian businesses looking to expand their operations in Europe. The seminars will enable us to showcase to our target audience the advantages of having a business set up in the Netherlands," added Schipper.

Courtesy: EFY Times