PM Modi invited Danish pension funds to participate in India’s infrastructure industry

PM Modi invited Danish pension funds to participate in India's infrastructure industry

Danish companies are operating in various sectors like wind power, shipping, consultancy, food processing and engineering. Prime Minister of Denmark Mette Frederiksen hosted Modi during his official visit to Denmark. Meanwhile, a India Denmark Joint Statement issued during the visit of Modi said the two Prime Ministers underlined the importance of bilateral trade and investments and stressed the need to maximise the potential of economic ties between the two countries.

Danish corporations and pension funds were asked to participate in India’s infrastructure and green sectors by Prime Minister Narendra Modi on Tuesday. Following his meeting with Danish counterpart Mette Frederiksen, Modi told the media that over 200 Danish firms are already operating in India and benefiting from the government’s ‘ease of doing business’ initiative. In a tweet, the Prime Minister stated, “There are significant investment prospects for Danish Companies and Danish Pension Funds in India’s Infrastructure Sector and Green Industries.”

“They affirmed that robust bilateral investments and trade flows through diversified, resilient, transparent, open, secure and predictable global supply chains would ensure economic security and prosperity of their peoples,” it said. The two leaders, it added, also welcomed Danish investments in India especially in the renewable energy, water, terminals and port modernisation and expansion, food processing and engineering sectors and India’s investments in Denmark especially in the Information Technology sector.

“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. Further, both the leaders agreed that the opportunities created by the Green Strategic Partnership will likely lead to an upward trajectory in bilateral trade and investment.

“In this context, the two Prime Ministers welcomed the launch of the ’India Green Finance Initiative’, which aims to contribute to financing green projects in India with the purpose of accelerating green growth and job creation in India,” the statement said. On multilateral cooperation, the two Prime Ministers reaffirmed their commitment to a rules-based international order, and a strengthened and reformed multilateral system.

Modi and Frederiksen confirmed their commitment to work towards reforming the UN, including the UN Security Council, to make it more effective, transparent and accountable. Frederiksen reiterated Denmark’s support for India’s permanent membership of a reformed UN Security Council, the statement said.

Prime Minister Modi confirmed India’s support for Denmark’s candidacy for non-permanent membership of the UN Security Council for 2025-2026, it added. The two leaders also agreed to expand the cooperation on agriculture by a Joint Declaration of Intent establishing among others a Centre of Excellence on Dairy.

Modi arrived in Copenhagen from Germany where he held detailed bilateral discussions with German Chancellor Olaf Scholz and co-chaired the India-Germany inter-governmental consultations. It is Prime Minister Modi’s first visit to Denmark.

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