Belgium a perfect investment destination

The ambassador of Belgium to India, Pierre Vaesan, on Tuesday invited Indian Industrialists to invest in Belgium in a seminar organised by PHD Chamber of Commerce and Industry in association with Belgium Luxembourg Business Association and the Embassy of Belgium in India.

Sharing that Belgium looked 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 important, the government commitment to market-driven growth made Belgium a perfect investment destination.

Interacting with the industry members during the Seminar on "Doing business with Belgium - Your gateway to Europe" in Chandigarh on Tuesday he mentioned that there is a lot of scope for trade and investment in Belgium, in general and Brussels, Flanders and Wallonia in particular. He further informed that "Distance to market, Transport infrastructure and cost of warehousing are the main drivers for investment in Belgium."
 

It is pertinent to mention here that the 12 member Belgian delegation led by Vaesan focused 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 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.

It may be recalled that 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.