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India, Denmark vow to boost trade and investment ties

The annual trade betweeen India and Denmark has increased to around $2.8 billion.

business Updated: Nov 27, 2017 22:43 IST
Press Trust of India
Press Trust of India
Press Trust of India, New Delhi
India,Denmark,Sushma Swaraj
External Affairs Minister Sushma Swaraj welcoming Mr. Anders Samuelsen, Foreign Minister of Denmark in New Delhi on November 27, 2017.(MEA/Twitter)

India and Denmark on Monday decided to ramp up cooperation in key sectors such as trade and investment, energy and shipping, during talks between External Affairs Minister Sushma Swaraj and her Danish counterpart Anders Samuelsen.

The external affairs ministry said two ministers held discussions on various aspects of bilateral ties as well as important regional and multilateral issues of mutual interest.

“The discussions between the two ministers focused on building of cooperation in the areas of trade and investment, science and technology, environment and renewable energy, shipping, food processing, healthcare, culture and tourism,” the ministry said.

Samuelsen is on a five-day India visit from November 26- 30. He is also travelling to Hyderabad to participate at the 8th Global Entrepreneurship Summit.

Monday’s talks between Swaraj and Samuelsen were focused on boosting bilateral trade and investment.

India’s economic ties with Denmark are on an upward trajectory.

The annual bilateral trade has increased to around $2.8 billion. Indian companies have established their presence in IT, renewable energy and biotechnology sectors of Denmark.

Over 125 Danish companies have invested significantly in the sectors of renewable energy, shipping, IT and food processing in India.

First Published: Nov 27, 2017 22:43 IST