India is working with Japan and Austrialia on supply-chain diversification and resilience, Prime Minister Narendra Modi told his Danish counterpart Mette Frederiksen during the India-Denmark virtual bilateral summit on Monday.
Prime Minister Narendra Modi during the India-Denmark virtual bilateral summit on Monday (Picture Courtesy: Twitter: @MEAIndia)
Prime Minister Narendra Modi dropped a snide remark aimed at China during the India-Denmark virtual bilateral summit on Monday. While he refrained from naming China directly, the PM told his Danish counterpart, Mette Frederiksen, “Covid-19 has shown that dependence of global supply chains on one source is risky.”
He went on to add, “We are working with Japan and Australia on supply-chain diversification and resilience. Other like-minded nations can join too.”
This remark comes at a time when India and China are engaged in a military standoff along the LAC (Line of Actual Control) in eastern Ladakh. As per the latest ground reports, it seems that the standoff between the Indian Army and the Chinese PLA (People’s Liberation Army) could enter into the winter.
During his interaction with Prime Minister Metter Frederiksen, PM Modi also welcomed Denmark’s proposal to host a second knowledge summit.
The Ministry of External Affairs (MEA) had in a statement on Sunday confirmed that the virtual bilateral meet will allow both leaders to review the broad framework of India-Denmark ties. While contributing to ‘White Revolution’ in India, Denmark has also emerged as a stakeholder in India’s growing wind energy sector.
Still from India-Denmark virtual bilateral summit on Monday
India and Denmark share mutual interests and have joined forces to fight against climate change.
Over the past few months, Danish companies such as LM Wind, Haldor Topsoe, and Novozymes among others have committed to setting up manufacturing units in India in response to the central government’s ‘Make in India’ initiative.
Maersk, another major Danish company, accounts for almost 19 per cent of all shipping containers in India. At the same time, Danfoss has proven instrumental by setting up cold storages for farm produce in various parts of the country. The Ministry of Commerce and Industry has also signed an MoU (Memorandum of Understanding) with Denmark’s Danish Patent and Trademark office to share technologies in the field of Intellectual Property.