The Hague, Oct. 27 -- Global companies see India's expanding manufacturing base and improving trade opportunities as drivers of business growth, with semiconductor maker Nexperia planning to double its revenue in the country over the next few years and DEPT expecting the proposed India-UK free trade agreement to ease business operations.

Speaking to ANI during Union Commerce and Industry Minister Piyush Goyal's visit to the Netherlands, Nexperia Interim CEO Stefan Tilgner said the company had signed a joint agreement with Tata to work on semiconductor development and manufacturing, while committing to triple its existing footprint in India within the next five years.

"We expect our company to double our revenue in India basically in the...