India and the Netherlands agreed on 16 May 2026 to upgrade their bilateral relationship to a strategic partnership, following talks in The Hague between Prime Minister Narendra Modi and his Dutch counterpart Rob Jetten. The two countries signed multiple cooperation agreements spanning defence, semiconductors, renewable energy, and maritime sectors, while Tata Electronics and Dutch chip-equipment giant ASML formalised a memorandum of understanding to advance India's chip-manufacturing ecosystem. The upgrade carries significant economic weight — the Netherlands is India's fourth-largest foreign investor with cumulative FDI of $55.6 billion and one of its top trading partners in Europe, with bilateral trade reaching $27.8 billion in 2024–25.