Copenhagen

Copenhagen is the capital and most populous city of Denmark. Since the turn of the 21st century, Copenhagen has seen strong urban and cultural development, facilitated by investment in its institutions and infrastructure. The city is the cultural, economic and governmental centre of Denmark; it is one of the major financial centres of Northern Europe with the Copenhagen Stock Exchange. Copenhagen's economy has seen rapid developments in the service sector, especially through initiatives in information technology, pharmaceuticals and clean technology.

The diplomatic relations between India and Denmark, established in September 1949, are marked by regular high level exchanges; and are based on historical links, common democratic traditions and shared desire for regional, as well as international peace and stability.

As per Denmark Statistics, the total volume of bilateral trade in goods and services between India and Denmark rose to around USD 6.64 billion as compared to USD 4.96 billion in 2021 (registering a growth of around 33.87% y-o-y). Indian exports (in goods and services) reached USD 2.78 billion in 2021 as compared to USD 2 billion in 2021, while imports amounted to around USD 3.86 billion as against USD 3 billion in 2021. In the first six months of 2023, the bilateral trade was recorded at 2.64 billion, out of which India’s export and import were 1.37 billion and 1.27 billion respectively.

The major export items from India to Denmark are textiles, apparels and yarns related, vehicles and components, metal goods, iron and steel, leather and footwear, and travel goods. Major Danish exports to India are medicinal/ pharmaceutical products, power generating machinery, industrial machinery, metal waste and ore, and organic chemicals.

Bilateral trade in services between India and Denmark was USD 4.52 billion in 2022 (import to India in services amounting to USD 3.13 billion and export in service sector by India valued at USD 1.39 billion).

As per Denmark Statistics figures, the value of total direct investment inflows from Denmark to India during 2000-2021 was USD 1.81 billion. Around 200 Danish companies have invested in India in sectors such as shipping, renewable energy, environment, agriculture, food processing and smart urban development. Several major Danish companies have built new manufacturing factories under the ‘Make in India’ scheme.