india: PM Modi invitations Danish firms, pension funds to put money into India’s infrastructure sector

Prime Minister Narendra Modi on Tuesday invited Danish firms and pension funds to put money into India’s infrastructure sector and inexperienced industries. Addressing media after his talks with Danish counterpart Mette Frederiksen, Modi mentioned that over 200 Danish firms are already current in India and benefiting from the ‘ease of doing enterprise’ initiative of the federal government.

“There are big funding alternatives for Danish Corporations and Danish Pension Funds in India’s Infrastructure Sector and Inexperienced Industries,” the Prime Minister mentioned in a tweet.

Danish firms are working in numerous sectors like wind energy, delivery, consultancy, meals processing and engineering.

Prime Minister of Denmark Mette Frederiksen hosted Modi throughout his official go to to Denmark.

In the meantime, a India-Denmark Joint Assertion issued throughout the go to of Modi mentioned the 2 Prime Ministers underlined the significance of bilateral commerce and investments and burdened the necessity to maximise the potential of financial ties between the 2 international locations.

“They affirmed that sturdy bilateral investments and commerce flows by diversified, resilient, clear, open, safe and predictable world provide chains would guarantee financial safety and prosperity of their peoples,” it mentioned.

The 2 leaders, it added, additionally welcomed Danish investments in India particularly within the renewable power, water, terminals and port modernisation and growth, meals processing and engineering sectors and India’s investments in Denmark particularly within the Data Know-how sector.

“They famous that such investments have made India the nation the place Danish firms have the most important variety of workers exterior of Denmark,” the assertion mentioned.

Additional, each the leaders agreed that the alternatives created by the Inexperienced Strategic Partnership will probably result in an upward trajectory in bilateral commerce and funding.

“On this context, the 2 Prime Ministers welcomed the launch of the ‘India Inexperienced Finance Initiative’, which goals to contribute to financing inexperienced tasks in India with the aim of accelerating inexperienced progress and job creation in India,” the assertion mentioned.

On multilateral cooperation, the 2 Prime Ministers reaffirmed their dedication to a rules-based worldwide order, and a strengthened and reformed multilateral system.

Modi and Frederiksen confirmed their dedication to work in direction of reforming the UN, together with the UN Safety Council, to make it more practical, clear and accountable.

Frederiksen reiterated Denmark’s assist for India’s everlasting membership of a reformed UN Safety Council, the assertion mentioned.

Prime Minister Modi confirmed India’s assist for Denmark’s candidacy for non-permanent membership of the UN Safety Council for 2025-2026, it added.

The 2 leaders additionally agreed to increase the cooperation on agriculture by a Joint Declaration of Intent establishing amongst others a Centre of Excellence on Dairy.

Modi arrived in Copenhagen from Germany the place he held detailed bilateral discussions with German Chancellor Olaf Scholz and co-chaired the India-Germany inter-governmental consultations.

It’s Prime Minister Modi’s first go to to Denmark.
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