PM Modi invites Danish companies, pension funds to invest in India's infrastructure sector

Prime Minister Narendra Modi on Tuesday called on Danish companies and pension funds to invest in India's infrastructure sector and green industries. After his talks with his Danish counterpart Mette Frederiksen, Modi told the media that more than 200 Danish companies are already present in India and are benefiting from the government's "ease of doing business" initiative.

In a joint India-Denmark statement released during Modi's visit, the two prime ministers stressed the importance of bilateral trade and investment and stressed the need to maximize the potential of economic ties between the two countries.“They affirmed that strong two-way trade and investment flows through diversified, resilient, transparent, open, secure and predictable global supply chains would ensure the economic security and prosperity of their peoples,” he said. declared.

The two leaders, they added, also welcomed Danish investments in India, particularly in the sectors of renewable energy, water, modernization and expansion of terminals and ports, agribusiness and engineering, as well as Indian investment in Denmark, particularly in information technology. "They noted that such investments have made India the country where Danish companies have the largest number of employees outside of Denmark," the statement said. Furthermore, the two leaders agreed that the opportunities created by the green strategic partnership are likely to lead to a resumption of bilateral trade and investment.

“In this regard, the two Prime Ministers welcomed the launch of the India Green Finance Initiative, which aims to help finance green projects in India to accelerate green growth and job creation in India,” said the press release. Regarding multilateral cooperation, the two Prime Ministers reaffirmed their commitment to a rules-based international order and to a strengthened and reformed multilateral system. Modi and Frederiksen reiterated their commitment to reforming the UN, including the UN Security Council, to make it more efficient, transparent and accountable.

Frederiksen reiterated Denmark's support for India's permanent membership in a reformed UN Security Council, the statement said.  Prime Minister Modi confirmed India's support for Denmark's bid to become a non-permanent member of the UN Security Council for 2025-2026, he added. The two heads of state and government also agreed to expand cooperation in the agricultural sector through a joint declaration of intent, which will include the creation of a competence centre for dairy products. Modi arrived in Copenhagen from Germany, where he held lengthy bilateral talks with German Chancellor Olaf Scholz and co-chaired the India-Germany intergovernmental consultations. This is Prime Minister Modi's first visit to Denmark.

Also Read: Covid-19 vaccine Covovax now available for children in India : Poonawalla