India and Denmark stress the need to maximize the potential of economic ties
PM Narendra Modi and PM Mette Frederiksen reviewed progress of the India-Denmark Green Strategic Partnership
Welcoming the concrete progress under the Green Strategic Partnership, India and Denmark have reconfirmed their commitment to democratic values, rule of law and respect for human rights on which the partnership is based.
In one-to-one and delegation level talks between Prime Minister Narendra Modi and Danish PM Mette Frederiksen on Tuesday, the two sides also underlined the importance of bilateral trade and investments and stressed the need to maximize the potential of economic ties between the two countries.
"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," said a Joint Statement issued after the meeting.
The two Prime Ministers welcomed Danish investments in India especially in the renewable energy, water, terminals and port modernization 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. 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, the Joint Statement said.
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.
Green Strategic Partnership
The two Prime Ministers shared convergence of interest on the importance of climate action, green growth and energy diversification.
The India-Denmark Green Strategic Partnership was established during a virtual summit in September 2020. This partnership was translated into a five-year action plan during Danish PM Frederiksen’s India visit in October 2021. The partnership has become a catalyst for enhanced cooperation between India and Denmark.
Discussions between the Prime Ministers, as they reviewed progress of the India-Denmark Green Strategic Partnership, covered cooperation in renewable energy, especially offshore wind energy and green hydrogen, as well as skill development, health, shipping, water and the Arctic, among others, the Ministry of External Affairs (MEA) said.
According to the Joint Statement, the two sides confirmed the aspirations - through the Green Strategic Partnership - to take global leadership in pushing for ambitious green energy transition and demonstrate the pathways to achieving it, focusing both on energy efficiency and renewable energy.
The two Prime Ministers also confirmed the importance of cooperation on health as being part of the Green Strategic Partnership.
Both leaders lauded the expanding people to people ties between the two countries, and welcomed the Declaration of Intent on a migration and mobility partnership.
Discussion on regional and global issues
Prime Minister Modi and PM Frederiksen also exchanged views on regional and global issues, including the conflict in Ukraine, the situation in Europe and the Indo-Pacific region.
The Danish Prime Minister reiterated Denmark’s strong condemnation of the unlawful and unprovoked aggression against Ukraine by Russian Forces.
According to the Joint Statement, the two Prime Ministers expressed their serious concern about the ongoing humanitarian crisis in Ukraine. They unequivocally condemned civilian deaths in Ukraine. They reiterated the need for an immediate cessation of hostilities.
They emphasized that the contemporary global order has been built on the UN Charter, international law and respect for sovereignty and the territorial integrity of states. They discussed the destabilizing effect of the conflict in Ukraine and its broader regional and global implications. Both sides agreed to remain closely engaged on the issue.
According to the Joint Statement, the two Prime Ministers emphasized the importance of India- EU Strategic Partnership and reaffirmed their commitment to further strengthen this partnership.
"The two leaders appreciated the progress in restart of negotiations on India- EU Trade, Investment and Geographical Indicators Agreements and called for a balanced, ambitious, comprehensive and mutually beneficial approach and an early and simultaneous conclusion," the statement added.
During their talks, they welcomed the launch of the Trade and Technology Council between EU and India underlining the importance of deep, strategic collaboration on cross-cutting issues related to trade, trusted technology and security. The two leaders also recalled the India-EU Connectivity Partnership and agreed to support efforts towards its early implementation.
The two Prime Ministers reaffirmed their commitment to a rules-based international order, and a strengthened and reformed multilateral system.
They confirmed their commitment to work towards reforming the UN, including the UN Security Council, to make it more effective, transparent and accountable.
The Danish Prime Minister reiterated Denmark’s support for India’s permanent membership of a reformed UN Security Council. Prime Minister Modi confirmed India’s support for Denmark’s candidacy for non-permanent membership of the UN Security Council for 2025-2026.