The minister
visited the Port of Rotterdam and met its CEO, Boudewijn Siemons, as part of the discussions. Shri Goyal said India needed to expand its
port capacity further despite having doubled it over the past decade. He added
that the country expected port capacity to double twice over the next two
decades, by 2047, to support economic growth and international trade. The minister also said the India-European Union Free Trade Agreement
would create substantial opportunities for businesses on both sides, adding to
the potential for trade between India and Europe. Digitalisation of port and customs
processes could help India improve the movement of goods as international trade
expands. Reducing cargo evacuation time and ship turnaround periods will be
important alongside physical port expansion. The proposed cooperation with
Rotterdam also comes as India seeks to strengthen trade links with European
markets under the India-EU Free Trade Agreement. The next step will be to
determine how the digitalisation efforts will be implemented in India and how
they will support the country’s port capacity expansion plans through
2047. With the Agreement expected to
create significant new opportunities for Indian exporters, the Netherlands’
world-class ports, logistics infrastructure and connectivity with European
markets can play an important role in facilitating increased trade flows and
strengthening India-Europe supply chains.
Addressing Indian community in Amsterdam, the minister said invited the
professionals and academicians to tie with Indian institutes and mentor
start-ups.
Talking about
youth, he said youth in some parts of the world are getting swayed by
negativity. “Sadly you see what’s happening in Europe, in many countries,
..that is the only reason I focused on youth… problems sometimes come up in
India also…Idea is that the youth have to be more responsive and
responsible…your first loyalty has to be with the land that provides you work
and feeds your family, ” he said.