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 know-how large 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 house state.
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ASML, Europe’s largest know-how firm by market worth, manufactures superior lithography machines used to supply high-end microchips present in merchandise starting from cellphones to automobiles.
The Dutch firm mentioned it could assist “set up and ramp up” manufacturing on the plant by supplying its cutting-edge chipmaking instruments.
Tata Electronics plans to take a position $11bn within the facility, which is anticipated to fabricate chips for synthetic intelligence, the automotive trade and different sectors.
ASML chief government Christophe Fouquet mentioned the corporate noticed “many compelling alternatives” in India’s rising semiconductor trade.
“We’re dedicated to establishing long-term partnerships within the area,” Fouquet mentioned in a press release.
The deal comes as India and the Netherlands transfer to deepen financial ties, with New Delhi searching for overseas know-how and funding to spice up manufacturing and create jobs.
The European Union has more and more seen India – the world’s most populous nation and one among 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 have been intensive and lined a variety of matters,” Modi wrote on X.
“One in all them was protection and safety. I spoke about the potential for drawing up an motion plan for the protection trade as rapidly as attainable. We will additionally collaborate in sectors comparable to area journey, maritime programs, 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 know-how cooperation. The go to marks his second journey to the nation since attending the primary India-Nordic summit in 2018.
