India’s NITI Aayog and Embassy of the Netherlands, New Delhi have signed an SOI (Statement of Intent) to support the decarbonisation and energy transition agenda for accommodating cleaner and more energy. The signing took place on September 28, 2020.
The SOI was signed by Amitabh Kant, NITI Aayog CEO, and Marten van den Berg, Ambassador of the Netherlands to India. The focus of the partnership between the two nations is on co-creating innovative technological solutions by leveraging the expertise of two entities.
#NITIAayog signed an SoI with the Netherlands embassy to work together to support the overall energy sector and sustainable growth objectives of India, in the presence of VC @RajivKumar1, CEO @amitabhk87 & Ambassador of Netherlands to India @BergMarten. pic.twitter.com/gpA2rGL777
— NITI Aayog (@NITIAayog) September 28, 2020
SOI signed between India and Netherlands:
As per the Ambassador of the Netherlands to India, the SOI will not only boost the economies of the two nations but will also help in achieving the UN Sustainable Development Goals (SDG).
During the signing, the ambassador mentioned that as both India and Netherlands continue to transform their energy sector, the nations have been committed that initiatives under this SOI will help both of them to move forward towards becoming climate-resilient economies.
He further added that working with India is also significant to meet its twin objectives- ensuring it safeguards the environment for future generations and generating economic growth. In the field of energy, there is huge room for cooperation between the two nations.
How Indo-Dutch collaboration will help in achieving decarbonisation agenda?
According to Dr. Rajiv Kumar, Vice-Chairman, NITI Aayog, India’s expertise in deploying high-tech solutions in a cost-effective manner, combined with Dutch expertise in low carbon technologies, will further help in solidifying Indo-Dutch collaboration. Both the nations will successfully work towards achieving decarbonisation and energy transition agenda.
CEO, NITI Aayog, Amitabh Kant further adds that given the enormous potential the partnership holds, the thematic areas within the broad topic of climate change and energy transition, the partnership with the Netherlands, will help both the nations derive natural synergies to achieve Sustainable Development Goals (SDG).
India-Netherlands Relations: Background
Both nations share a long history of trade and investment. Netherland is India’s sixth-largest European Union trading partner- as much as 20% of India’s exports to the European continent goes through the Netherlands- and one of the top 5 investors in the country. Netherland is also the third-largest source of foreign direct investment (FDI) for India.
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