PM Modi invites Nordic countries to invest in India

Prime Minister Narendra Modi on Wednesday participated in the Second India-Nordic Summit at Copenhagen in Denmark. The Prime Ministers of Denmark, Finland, Iceland, Sweden and Norway have also participated in the summit. The summit provided an opportunity to review the progress of the India-Nordic relations since the first India-Nordic Summit, which was held in 2018 in Stockholm. During the Summit, the Prime Ministers pledged to continue to deepen cooperation and focused their discussions on key issues related to international peace and security. Discussions were also held on multilateral cooperation in post-pandemic economic recovery, climate change, sustainable development, innovation, digitalization and green and clean growth.
The leaders agreed that pressing challenges such as tackling climate change, COVID pandemic, biodiversity loss and increasing food and energy insecurity require international cooperation. The Nordic countries reiterated their support for India’s permanent membership of a reformed and expanded United Nation Security Council. The Prime Ministers agreed to work together to fight and address climate change and to protect the natural environment. They reiterated their commitment to ambitious cooperation on renewable energy, energy diversification, smart grids and energy efficiency. The leaders agreed that the blue economy can deliver economic growth, new jobs, improved nutrition and increased food security. They also agreed that a strong partnership between India and Nordic countries can help promote innovation, economic growth, climate friendly solutions and mutually beneficial trade and investments. Prime Minister Modi invited Nordic companies for investing in the blue economy sector, especially in Sagarmala Project. Modi noted that India’s Arctic Policy provides a good framework for expansion of India-Nordic cooperation in the Arctic region. The Prime Minister invited the sovereign wealth funds of the Nordic countries to invest in the country.