{"id":1595,"date":"2016-06-01T11:38:58","date_gmt":"2016-06-01T11:38:58","guid":{"rendered":"https:\/\/sunkrish.com\/?p=1595"},"modified":"2017-01-20T10:41:52","modified_gmt":"2017-01-20T10:41:52","slug":"danish-companies-keen-to-take-part-in-make-in-india","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2016\/06\/01\/danish-companies-keen-to-take-part-in-make-in-india\/","title":{"rendered":"Danish companies keen to take part in Make in India"},"content":{"rendered":"

<\/a>Denmark-based companies such as Danfoss, Grunfdfoss, sRamboll, Novo Nordisk and Novozymes are eyeing the benefits of Narendra Modi\u2019s Make-in-India programme to set up their base in the country.<\/p>\n

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Indian ambasssador to Copenhagen Rajeev Shahare said Denmark has embarked on a number of steps to be ahead of the curve in doing business with India. \u201cThe Danish Confederation of Industries (DI) has an office in Mumbai; the Danish Trade Council (part of its Ministry of Foreign Office) has a strong representative office in Bangalore; Asia House in Copenhagen has commissioned a study on how to effectively participate in the Smart Cities project in India,\u201d the ambassador told FE.<\/p>\n

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While many big companies like Danfoss and Carlsberg already have their units, some others are in the process of doing so. \u201cOne company is setting up a unit in Hyderabad for manufacturing of ocean cleaning pumps and equipment; another consulting company is exploring Mumbai for its regional office,\u201d he said.<\/p>\n

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The Scandinavian country is keen on setting up production facilities in India taking advantage of India\u2019s low cost of production, availability of technical and English speaking manpower and a compatible working environment, he added.<\/p>\n

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India can also partner Denmark and learn from its best practices in areas like health services, food technology, dairy management, agro services, solid waste management and waste water management.<\/p>\n

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There are around 125 Danish companies in India and probably all top companies have a strong presence \u2014 the shipping giant Maersk (AP Moller) which also developed the Pipavav port and is now looking for investments in ports on the eastern coast; Danfoss, Grunfdfoss, Ramboll, leading pharma company Novo Nordisk etc. The Danish companies operating in India are directly or indirectly providing around two lakh jobs to locals here.<\/p>\n

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According to Statistics Denmark, the Danish FDI in India was $854 million in 2014, $731 million in 2013 compared to $931 million in 2012 (up from $877 million in 2011). Major Danish investments in India have been made in sectors such as manufacturing, trade and transport, financial and business services.<\/p>\n

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On the other hand, the Indian investment in Denmark were $71 million in 2014, $89 million in 2013 compared to $103 million in 2012 (up from $112 million in 2011) (Source: Statistics Denmark). Around 30 Indian companies have a presence in Denmark. Of them, 24 are IT companies, two belong to life sciences field and four are diversified mainly in the renewable space.<\/p>\n

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There are some major success stories of companies from Denmark that need to be highlighted. \u201cThe largest Danish bank- Danske Bank has all its back end operations in India; the entire Kommune (municipal) operations of KMD are handled by an Indian software company,\u201d according to Shahare.<\/p>\n

Source: http:\/\/www.financialexpress.com\/article\/industry\/companies\/danish-companies-keen-to-take-part-in-make-in-india\/269514\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Denmark-based companies such as Danfoss, Grunfdfoss, sRamboll, Novo Nordisk and Novozymes are eyeing the benefits of Narendra Modi\u2019s Make-in-India programme to set up their base in the country.   Indian ambasssador to Copenhagen Rajeev Shahare said Denmark has embarked on … Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":3569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,4,497,5],"tags":[332,565,311,560,569,378,305,304,340,561,302,568,291,462,563,564,566,567,292,562],"class_list":["post-1595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-business-advisory-services","category-financial-corporate-services","category-cross-border-transactions-mas-joint-ventures","category-india-international-corporate-updates","tag-capital","tag-copenhagen","tag-corporate","tag-danfoss","tag-danske-bank","tag-denmark","tag-economy","tag-foreign-direct-investment","tag-global","tag-grunfdfoss","tag-international","tag-maersk-ap-moller","tag-make-in-india","tag-narendra-modi","tag-novo-nordisk","tag-novozymes","tag-rajeev-shahare","tag-scandinavian","tag-smart-cities","tag-sramboll"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/1595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=1595"}],"version-history":[{"count":3,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/1595\/revisions"}],"predecessor-version":[{"id":3570,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/1595\/revisions\/3570"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/3569"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=1595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=1595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=1595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}