**Executive Summary**
On May 16, 2026, Prime Minister Narendra Modi and Dutch Prime Minister Rob Jetten met with 16 CEOs from leading Dutch companies to deepen business-to-business ties and discuss investment strategies in India. The meeting focused on semiconductors, infrastructure, and sustainability, notably featuring the signing of a partnership between ASML and Tata Electronics. Both leaders emphasized the early implementation of the India-EU Free Trade Agreement (FTA) to ensure resilient supply chains and economic growth.
**Key Points / Main Content**
**Strategic Partnerships and Agreements**
* ASML and Tata Electronics signed a formal agreement to partner for the establishment of India’s first front-end semiconductor FAB in Dholera, Gujarat.
* Business leaders presented strategies for India focused on three clusters: Semiconductors, Technology and Innovation; Infrastructure, Logistics and Maritime; and Sustainability, Energy and Agriculture.
**Policy and Economic Reforms**
* Prime Minister Modi highlighted recent reforms designed to improve the ease of doing business and create a stable, predictable, and efficient policy environment.
* The Indian government encouraged Dutch investment in specific high-growth sectors, including artificial intelligence, renewable energy, digital technologies, and healthcare.
**Bilateral and International Trade**
* The Prime Ministers of India and the Netherlands called for the expedited implementation of the India-EU FTA to reinforce the status of India and the EU as trusted trade partners.
* The discussions emphasized a mutual commitment to open markets, inclusive growth, and the development of resilient global supply chains.
**Corporate Engagement**
* Sixteen major Dutch companies across sectors such as aviation (KLM), agribusiness (Rijk Zwaan, Royal HZPC), shipbuilding (Damen Shipyards, Royal IHC), and logistics (Port of Rotterdam, APM Terminals) expressed interest in expanding their presence in India.
* Industry leaders formally acknowledged and appreciated the Government of India’s reform agenda.
**Impact Analysis**
**Dutch CEOs and Corporations**
**Impact**
They gain a clearer strategic pathway for expanding operations in India and benefit from a commitment to a stable policy environment.
**Action Required**
Continue to explore and execute investment opportunities in the maritime, renewable energy, semiconductor, and digital technology sectors.
**Tata Electronics**
**Impact**
Secures a critical partnership with ASML to pioneer front-end semiconductor manufacturing in India.
**Action Required**
Coordinate with ASML to begin the development and operation of the semiconductor FAB in Dholera, Gujarat.
**The Government of India**
**Impact**
Strengthens bilateral economic ties with the Netherlands and attracts high-tech infrastructure and manufacturing investment.
**Action Required**
Maintain the momentum of ease-of-doing-business reforms and negotiate the early implementation of the India-EU FTA.
**European Union (EU)**
**Impact**
Positioned as a reliable and trusted partner for India in securing resilient supply chains.
**Action Required**
Work toward the finalization and implementation of the India-EU Free Trade Agreement.
Key Entities Referenced
India-EU FTA: A proposed Free Trade Agreement aimed at reinforcing trade ties, inclusive growth, and resilient supply chains between India and the European Union.
ASML: A prominent Dutch semiconductor company that signed a key agreement to partner on the establishment of India's first front-end semiconductor FAB.
Tata Electronics: The Indian company partnering with Dutch firm ASML to develop a major semiconductor fabrication facility in Gujarat.
Dholera, Gujarat: The specific location designated for the establishment of India's first front-end semiconductor FAB project.
Prime Minister's Office
Prime Minister meets with Dutch CEOs
Posted On: 16 MAY 2026 10:15PM by PIB Delhi
Prime Minister Shri Narendra Modi along with Prime Minister of the Netherlands, H.E. Mr. Rob Jetten
held discussions today with prominent CEOs of leading Dutch companies across various sectors such as
energy, ports, health, agriculture trade, and technology, among others. The business leaders made
presentations on three clusters : Semiconductors, Technology and innovation; Infrastructure, logistics and
maritime; and Sustainability, Energy and Agriculture; outlining their strategies for India.
Ahead of the meeting, an agreement between ASML and Tata Electronics was signed in the presence of
the two leaders. They welcomed the decision of Tata Electronics and ASML to partner together for India’s
first front-end semiconductor FAB in Dholera, Gujarat.
Prime Minister Modi welcomed the deepening of business-to-business ties between India and the
Netherlands, and appreciated the growing interest of Dutch companies in India’s economic vibrancy.
Highlighting the recent reforms and initiatives, he emphasized efforts to improve the ease of doing
business and to establish a stable, efficient, and predictable policy environment. Prime Minister Modi
encouraged Dutch companies to explore opportunities in India, particularly in maritime, renewable energy,
digital technologies, semiconductors, artificial intelligence, and healthcare sectors.
The two Prime Ministers called for early implementation of the India-EU FTA. The FTA reinforces India
and the European Union as trusted and reliable partners, committed to open markets, inclusive growth and
resilient supply chains.
Industry leaders appreciated the Government of India’s reform agenda and shared their future plans for
India. They expressed interest in exploring opportunities to enhance their presence in India. The following
CEOs attended the meeting:
1. APM Terminals
Mr. Keith Svendsen – CEO
Sector: Ports, Logistics, and Supply Chain Infrastructure
2. ASML
Mr. Christophe Fouquet – President & CEO
Sector: Semiconductor
3. Damen Shipyards Group
Mr. Arnout Damen – CEO
Sector: Shipbuilding
4. HeinekenMr. Dolf van den Brink – Chairman of the Executive Board & CEO
Sector: Brewing
5. KLM Royal Dutch Airlines
Ms. Marjan Rintel – President & CEO
Sector: Aviation
6. NXP Semiconductors
Mr. Maurice Geraets – CEO NXP Semiconductors Netherlands
Sector: Semiconductor
7. Philips
Mr. Roy Jakobs – CEO
Sector: Healthcare
8. Port of Rotterdam
Mr. Boudewijn Siemons – CEO
Sector: Logistics/Port Management
9. Power2X
Mr. Occo Roelofsen – CEO
Sector: Clean Energy and Energy Transition
10. Prosus
Mr. Fabricio Bloisi – CEO
Sector: Consumer Internet and Technology Investment sector
11. Randstad
Mr. Sander van ’t Noordende – CEO
Sector: Human Resources (HR) Services
12. Rijk Zwaan Zaadteelt en Zaadhandel
Mr. Martijn Eggink – Managing Director
Sector: Agribusiness
13. Royal HZPC Group
Mr. Hans Huistra – CEO
Sector: Agribusiness & Seed
14. Royal IHC
Mr. Derk te Bokkel – CEO
Sector: Shipbuilding
15. Royal Vopak
Mr. Dick Richelle – Chairman of the Executive Board & CEO
Sector: Energy infrastructure and Industrial Logistics16. Van Oord
Mr. Govert van Oord - CEO
Sector: Infrastructure
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