India’s Ambassador to Denmark, Ajit Gupte, encourages smaller Danish companies to seek cooperation with Indian partners.
India is a huge market for leading Danish companies in green energy. By 2030, India’s goal is to have a renewable energy capacity of approximately 450 gigawatts, which is almost equivalent to the total capacity of the 27 EU countries by 2020.
Gupte makes no secret of the fact that India is extremely interested in cooperating with Danish authorities and companies on green transition, because it will help to create the economic development that India needs if one is to eradicate poverty in India and other misery.
Since 2018, a long range of meetings at a high political level between Danish and Indian politicians and officials has now culminated with the Green Strategic Partnership this autumn 2020.
“We have decided to take the partnership to a new level – that is, a strategic partnership. The Danish side wanted to make it a ‘green strategic partnership’. We agreed to this because Denmark is known for having a lot of expertise in sustainable development, renewable energy and circular economy,” says Ambassador Gupte.
“Over the past five years, we have established recurring discussions between ministries on both sides – and we have established nine so-called joint working groups. These are areas where Denmark often has something to offer India. Some of the groups have met twice, others three times. We have had a total of 17 meetings in the groups.”
The nine working groups deal with energy, urban development, food, mobility, livestock farming, the food industry, research and technology, shipping and digitization. At the same time, a five-year plan for so-called strategic sector cooperation in the energy field has been prepared.
“Denmark has been able to integrate large amounts of renewable energy into the energy system. We must learn this as our production of renewable energy grows. You have to be good at forecasting and have a flexible network and good storage options,” says Gupte.
The ambassador concludes that Denmark has 20-25 large companies which operate globally. In addition, there are approximately 15,000 small and medium-sized companies.
“Most of the very big companies have been in India for many years. And we have seen companies expanding their product facilities and in the same time, they are using India as a base for exports to other global markets. That is a very good thing. Maersk, F. L. Smith, Grundfos or Danfoss are doing great in India. They are doing a lot of innovation in India,” says the ambassador who estimates that in 2018 and 2019 Danish companies have had an export of a total of 950 million dollars out of India to global markets.
What is your advice to a small Danish company that has not so far worked in India, but who would like to be part of this new strategic partnership?
Danish companies should look closely at the Indian marked. It is huge. Take a product as hearing aid, where Danish companies have good qualifications. We need 100 million hearing aids. There are great opportunities in India.