Sunday, May 31st, 2020

Belgian delegates woo industry to invest in Belgium

Pierre Vaesen, Ambassador of Belgium ,Belgium Luxembourg Business Association (BLBA) ,Embassy of Belgium in India, Dalip Sharma Regional Director PHD Chamber, Mohit Jain, Chairman International Affairs CommitteeM M Khanna, INVC, Chandigarh, Sharing that there is a lot of scope for trade and investment in Belgium, in general and Brussels, Flanders and Walloonia in particular, Pierre Vaesen, Ambassador of Belgium in New Delhi, while interacting with the industry members during the Seminar on “Doing business with Belgium - Your gateway to Europe”, informed that “Distance to market, transport infrastructure and cost of warehousing are the main drivers for investment in Belgium.” Unique location at European crossroads, proximity to EU headquarters of major commercial & official organisations and the port of Antwerp, the most centrally located one, and port of entry for thousands of products makes it all the more conducive for investment, he added. The seminar was organized by PHD Chamber of Commerce and Industry in association with Belgium Luxembourg Business Association (BLBA) and the Embassy of Belgium in India, here today, as part of the continuing efforts to increase India’s bilateraltrade with other countries. The 12 member Belgian delegation led by Vaesan focussed on presenting what makes Belgium an ideal location for doing business, not only with Belgium itself, but with the whole of the European Union. The European Union is the biggest trade and investment partner of India. With Euro 12.2 billion in bilateral trade in 2012, Belgium itself is India’s 10th biggest global trading partner and the second in the EU, after Germany, said Mohit Jain, Chairman, International Affairs Committee, PHD Chamber, while sharing the details of the seminar with the delegates.  The visiting delegates from Brussels, Flanders, and Walloonia shared that Belgium is an ideal destination for doing business for industrial activities in different sectors such as energy, chemicals, pharmaceuticals, life sciences, ICT, textile, aeronautics, to name a few adding that Belgium, “gateway to the European Union”, is known for its perfect location as a logistics and distribution hub and for its excellent rail and road infrastructure. Sharing that Belgium looks forward to be a more strategic partner with India, Vaesan shared that excellent agro ecological conditions, strong market dynamics, enabling environment for investments and most importantly, the government commitment to market driven growth makes Belgium a perfect investment destination.  Indicating that the future prospects for trade and investment between our countries are significant, Vikram Sahgal, Chairman, Chandigarh Committee, PHD Chamber said that the inbuilt complimentary of the economies of both Belgium and India offers innumerable opportunities and it is important that we build on the existing strong relations. Dalip Sharma, Regional Director, PHD Chamber said, “We need to accelerate our efforts for the growth ofbilateral economic cooperation, particularly in view of the current economic scenario. There is a need for greater synergy of efforts between the business communities of Belgium and India to accelerate the two way cooperation.” The delegation included Antoine Delcourt, Councellor, Economic Affairs, Jos De Clercq, First Secretary, Trade & Investments, Flanders, Cristophe Van Overstraeten, First Secretary, Trade & Investments, Walloonia, Ms. Kathlijn Fruithof, Trade & Investment Attache`, Chennai, Brussels Invest and Export (BIE), Albert Wolfs, Finance Expert, Ministry of Finance, Belgium, Fillippe De Potter, Project Manager, Inward Investment, Flanders, Ranjan Apte, Invest Deputy, Flanders, and Rajiv Dhawan, Excom Treasurer and ex President, BLBA among others.  More than 80 industrialists from Chandigarh, Mohali, Derabassi, Haryana, Baddi and Punjab participated in the seminar



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