The Ministry of External Affairs announced on Sunday that Prime Minister Narendra Modi and his Danish counterpart, Mette Frederiksen will conduct a virtual summit on Monday (28-09-2020) to contribute to a direction to reinforce the bilateral partnership between the two countries. As per the statement issued by the ministry, the two countries would sign an “MOU in the field of Intellectual property cooperation”. Denmark would also become a part of the International Solar Alliance, an alliance made to make solar energy easily available and at low cost. India will be hosting the summit that will provide the two countries a chance to thoroughly discuss the “broad framework of the bilateral relationship” and to give a political direction to strengthen the conjoint relationship of the countries.
400 years of historical linkage and 70 years of diplomatic relations aside, Denmark has supported India and has been a development partner for the ‘White Revolution’ and broadening wind energy. Both the countries are also fighting the climate change battle together by exporting wind turbines, enzymes etc. Danish companies Babcock and Wilcox have set up waste-to-energy centres in Punjab and Haryana. Textiles, linens, home linens etc worth USD 250 million are imported to Denmark from India.
Almost 5000 Indian professionals are employed in prime Danish companies and there are 20 Indian IT Companies in Denmark. Indians are providing expertise in IT and Finance in Denmark, helping the economy grow. Under the ‘Make in India’ scheme, many Danish companies like Grundfos, Danfoss, Vestas, LM Wind, Novozymes, Rock Wool and Haldor Topsoe have set up their factories and are used as export hubs.
A growth of 30.49% has happened between 2016 and 2019 in trade of goods and services between India and Denmark, shows official records.
The MoU also focuses on expanding the IP co-operation among two countries by exchange of experts, training programs, practices and outreach activities.