Modi Invites Denmarks Pension Funds to Boost Investments in India

New Delhi, May 19: Prime Minister Narendra Modi met with Danish Prime Minister Mette Frederiksen in Oslo on Tuesday, where he extended an invitation to Denmark’s pension funds to increase their investments in India.

Following their meeting on the sidelines of the third India-Nordic Summit, PM Modi shared on X, “I had a meaningful meeting with Mette Frederiksen in Oslo. The friendship between India and Denmark has made remarkable progress over the past few years, with increased cooperation in areas such as water resources, clean energy, shipping, and food processing. We can expect similar collaboration in fintech, industry, defense, innovation, and other sectors in the coming years. I also invited Denmark’s pension funds to enhance their investments in India.”

He emphasized, “We are both fully confident that a free trade agreement (FTA) between India and the European Union will prove to be extremely important for our economies.”

According to the Ministry of External Affairs, both leaders reviewed bilateral cooperation and expressed satisfaction with the progress made on the joint agenda.

The ministry stated, “Both leaders welcomed the progress made under the India-Denmark Green Strategic Partnership, prioritizing joint efforts to promote cooperation in the fields of environment and climate change, as well as green transitions in both countries.”

PM Modi also expressed India’s readiness to welcome Danish technologies for green solutions in the rapidly developing Indian economy.

The ministry highlighted the successful collaboration between India and Denmark in establishing the Smart Laboratory on Clean Rivers (SLCR) in Varanasi, a unique trilateral initiative involving the Indian government, Indian Institute of Technology (IIT) Banaras Hindu University, and the Danish government. The leaders also discussed the mobility partnership.

They decided to further strengthen cooperation in new and emerging technologies, communications, advanced research, startups, and academic exchanges. Discussions also included collaboration in defense and artificial intelligence (AI), with PM Modi inviting Danish companies to establish a presence in Gujarat International Finance Tec-City (GIFT City).

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