During the visit of the Netherlands Prime Minister, Mark Rutte, Minister for Foreign Trade, Lilianne Ploumen and Minister for Agriculture, Sharon Dijksma along with a trade delegation, various Dutch companies signed Memorandum of Understanding (MoUs) with Indian companies in New Delhi.
One of the major MoUs was signed between Indian edible company Ruchi Soya Industries and Netherlands’ Solidaridad. The agreement for a 5-year intervention for sustainable transformation of palm oil production sites in the Ruchi supply chain in India was signed by Dinesh Shahra, Chairman, Ruchi Soya and Nico Roozen, Executive Director, Solidaridad. It would increase yield of palm oil, save water and create employment in rural areas.
Around 60 percent of India’s edible oil – 18-19 million tonnes – is met through imports which costs around Rs 62,000 crore. Thus, the venture is said to have good opportunity in the Indian market.
Another MoU was signed between Paul Oosterlaken, Director, Kiremko BV and Vinay Vishal, Director, Shahi Agromatics. The contract will build state-of-the-art Potato Flake factory in the Uttar Pradesh with Dutch technology.
To grow ‘more crop per drop’ in Karnataka and Telangana, by adopting improved water saving technologies from the Netherlands, Solidaridad and two Indian companies Rajshree Sugars and Chemicals and National Sugar have signed an MoU. The MoU was signed between Shatadru Chattopadhayay, MD, Solidaridad South and Southeast Asia and Ravindra S Singhvi, MD & CEO, National Sugars and Sathyamurthy A, CFO, Rajshree Sugars and Chemicals.
To provide an impetus on smart energy networks in rural India, a manufacturing agreement was signed between Evan Mertens, Director, Rural Spark, a Netherlands based company and Varun Manwani, Director, Sahasra Electronics, an Indian company. The agreement will enable the Indian partner to manufacture products designed by by its Dutch partner.
In an another agreement, Rural Spark signed a partnership with an Indian company, Vayam Renewable. The distribution agreement, signed between Evan Mertens, Rural Spark and Amit Mehta, Director, Vayam Renewables, will enable the Netherlands based company to utilise the rural distribution network of Indian partner for two years in the seven Indian states.
In the dairy sector, an MoU was signed between Frans Wesselingh, Regional Sales Director, Stork Food & Dairy Systems, a Netherlands based company and Rajesh Sampat, COO, InspirOn Engineering, an Indian firm.
Stork has been operating in the Indian market already for a long time, but the partnership will enable the Dutch company to manufacture its dairy and food machineries in India.