Wooing Indian companies, Belgian Deputy Prime Minister Didier Reynders today said his country is an attractive investment destination and offers a big logistics network which will be key to investors.

Reynders, who is heading a delegation to India, also held discussions with Commerce and Industry Minister Anand Sharma.

“I met with Mr Sharma today. And it was quite interesting. We (the delegation) are trying to attract global investments to Belgium .... We are just in the middle of the very important part of the Europe,” the visiting Minister said at an industry event here.

Reynders is also the Minister of Foreign Affairs, Foreign Trade and European Affairs.

He said Belgium provides tax incentive to the companies willing to start their ventures in the country.

The country offers tax exemptions, beneficial tax regime for research and development (R&D) and pension funds.

“The sum of all these tax incentives leads to one of the lowest effective corporate tax rates in the European Union,” according to an official brochure of the Belgium government.

Also, companies investing in R&D are allowed to benefit from a considerable deduction or a tax credit provided investments are used for professional activities.

Reynders said that Belgium has a very huge logistic network which will be key to investors.

Belgium has nearly 800 European Distribution Centers (EDCS) and has the highest EDC density in Europe. It also has strong road, rail road and inland water networks.

The seaports Antwerp, Zeebrugge, Ghent and Ostend have no congestion and it is strategically connected with France, Germany and The Netherlands.

The Minister also said: “Belgium has a reputation as a gateway to Europe since middle age. Its a multi-national, multi-lingual and multi-cultural country.”

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