Netherlands to enhance semiconductor industry around Bengaluru, study UPI: PM Mark Rutte
Karnataka government to enhance the semiconductor industry in Bengaluru, Prime Minister Mark Rutte said Monday.
He was all praises for chief minister Siddaramaiah and deputy CM DK Shivakumar. “The Karnataka government isn’t just restating policies but is looking to make them more practical, implementation-wise,” he said.
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Offering CollegeCourseWebsiteNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitIndian School of BusinessISB Applied Business AnalyticsVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitIndian School of BusinessISB Digital TransformationVisitRutte was speaking to media in Bengaluru as part of his official visit to India to attend the G20 summit. Shivakumar, who met the PM in the Vidhana Soudha earlier in the day, said Dutch businesses are among the forerunners of foreign investors in Karnataka. “Karnataka is home to 9% of Dutch investments in India, with over 25 Dutch companies. We are also home to Global in-house Centres of Shell and Philips,” he said.
Rutte on UPI
Rutte bought a coffee on Church Street in Bengaluru and paid for it using Unified Payment Interface (UPI). While he said there were no plans yet to integrate Netherlands' fast payment system with UPI, both countries had a lot to learn from each others’ technologies.
The system has been the subject of much interest in the G20 summit. Four Indian banks — SBI, Axis, Canara and ICICI bank — have launched dedicated UPI apps for G20 delegates' use, with a balance of Rs 2,000 digital currency. The National Payment Corporation of India (NPCI) has been introducing UPI in other countries since 2021 to facilitate ease of transactions,
