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Bangalore, Nov. 6

With its recent reforms in tax laws and reducing the red tape by giving clearance for investments in three days through electronic filing, Belgium would be an ideal base for Indian investors seeking large presence in Europe. It was already the third most popular country amongst Indian investors and one of India's top three European trading partners.

Last year, Indian investment in Belgium was $1 billion. With both the countries pursuing reforms, it was "the perfect time" for improving the mutual cooperation, the Prime Minister, Mr Guy Verhofstadt, said here today at a seminar on `Invest in Belgium - Increase your Profits' organised by the Bangalore Chamber of Commerce and Industry here today Mr Venkat Kedlaya, President, BCCI, said The trade between Belgium and India stood at 15.5 per cent of the total European Union-India trade, and added that it could be expanded further.

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