Prime Minister Narendra Modi says his talks with the Dutch PM additionally centered on increasing cooperation in defence and safety.
Revealed On 17 Could 2026
India’s Tata Electronics has signed a cope with Dutch expertise big ASML to construct a significant semiconductor plant in western India, as Prime Minister Narendra Modi visited the Netherlands throughout his European tour.
The settlement, introduced on Saturday, will help the event of Tata’s semiconductor facility in Dholera, Gujarat – Modi’s dwelling state.
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ASML, Europe’s largest expertise firm by market worth, manufactures superior lithography machines used to provide high-end microchips present in merchandise starting from cellphones to vehicles.
The Dutch firm stated it might assist “set up and ramp up” manufacturing on the plant by supplying its cutting-edge chipmaking instruments.
Tata Electronics plans to speculate $11bn within the facility, which is anticipated to fabricate chips for synthetic intelligence, the automotive trade and different sectors.
ASML chief government Christophe Fouquet stated the corporate noticed “many compelling alternatives” in India’s rising semiconductor trade.
“We’re dedicated to establishing long-term partnerships within the area,” Fouquet stated in an announcement.
The deal comes as India and the Netherlands transfer to deepen financial ties, with New Delhi looking for overseas expertise and funding to spice up manufacturing and create jobs.
The European Union has more and more considered India – the world’s most populous nation and certainly one of its fastest-growing economies – as a key future market.
Throughout his go to, Modi held talks with Dutch Prime Minister Rob Jetten and met King Willem-Alexander.
“My conversations with Prime Minister Rob Jetten had been in depth and lined a variety of subjects,” Modi wrote on X.
“One in every of them was protection and safety. I spoke about the opportunity of drawing up an motion plan for the protection trade as rapidly as attainable. We are able to additionally collaborate in sectors equivalent to house journey, maritime techniques, and maritime safety.”
Modi additionally addressed members of the Indian diaspora and is anticipated to examine centuries-old Chola copper plates being returned to India by Leiden College.
Indian and Dutch officers are additionally discussing a extra versatile visa association for Indian college students and employees within the Netherlands.
Modi will subsequent journey to Sweden for talks with Prime Minister Ulf Kristersson centered on commerce, innovation and inexperienced expertise cooperation. The go to marks his second journey to the nation since attending the primary India-Nordic summit in 2018.
