New green strategic partnership with India a huge boost for Danish business

Deal will give “Danish export companies new opportunities in a market where there is a large untapped potential”, enthuses PM Mette Frederiksen

Business and knowledge sharing between the two countries has been thriving of late. For example, in July a delegation from Banas Dairy in Gujarat visited a farm in Copenhagen
September 29th, 2020 1:40 pm| by Ben Hamilton

At the top of every world leader’s list of countries to do business with are China and India.

They’re the BRIC nations with serious clout: one billion-plus people and rapidly growing middles classes, identified many decades ago as the serious players of the 21st century.

PM Mette Frederiksen might be standing on the shoulders of some of her predecessors, but yesterday’s news that she has signed a far-reaching green strategic partnership with Indian PM Narendra Modi is a tremendous boost for Denmark and her standing within the business community.

Not least because India is not messing about. With a goal to increase its renewable energy capacity to more than 300 gigawatts by 2030 – 40 times the current Danish capacity – it will need all the help it can get.

And this partnership has pushed Denmark to the front of the queue of countries poised to benefit. 

READ MORE: Indian Embassy in Denmark’s publishes special edition in co-operation with CPH POST

In a special position
Following a virtual summit on Monday, the two PMs confirmed that their new partnership will place Denmark in a special position in relation to delivering the green solutions that India demands.

Denmark specialises in providing solutions in the areas of wind power, water tech and energy efficiency, and the partnership should pave the way for increased Danish exports and investments in these areas.

“I see the agreement today as a completely unique way to give Danish export companies new opportunities in a market where there is a large untapped potential,” commented Frederiksen.

“It is particularly important that it is precisely in areas where Denmark has a leading position that we now have better opportunities to develop and expand our exports.”

The deal also includes strengthening multilateral co-operation in priority areas such as the climate and green transition, trade, and human rights (see below for more details).

Key components of partnership

– New partnership builds on and consolidates existing agreement that established a Joint Commission for Cooperation (signed 6 February 2009) between India and Denmark within politics, economics, business, science and technology, the environment, energy, education and culture. 

– It further builds on and complements existing Joint Working Groups on renewable energy, urban development, the environment, agriculture and animal husbandry, food processing, shipping, labour mobility, digitisation, and science, technology and innovation.

– It is a “mutually beneficial arrangement to advance political cooperation, expand economic relations and green growth, create jobs and strengthen co-operation on addressing global challenges and opportunities; with focus on an ambitious implementation of the Paris Agreement and the UN Sustainable Development Goals”.

– It includes enhanced co-operation in the specific areas of water supply, water distribution, wastewater treatment, sewerage systems, re-use of treated wastewater, water management and energy optimization in the water sector through the Indo-Danish Water Technology Alliance.

– Ambitious goals and actions will be identified within the areas and outlined in an Action Plan that will be worked out and endorsed as soon as possible.