India has become one of the fastest growing countries in the world and sustaining this economic growth depends on developing quality infrastructure network all over the country.
The Government of India is taking every possible initiative and is expected to invest highly to boost the infrastructure sector, mainly roads, ports, airports, railways, urban transport, etc.
The ‘Sagarmala’ (string of ports) is the flagship programme of the Govt. of India to promote port-led development in the country and enhance the logistic sector. It envisages unlocking the potential of India to set up new mega ports, modernizing existing ports, enhancing port connectivity via road, rail, multi-modal logistics parks, pipelines & waterways and promoting coastal community development.
Denmark being the maritime nation and Danish companies with their green initiatives and innovative technical know-how can contribute to this growth immensely.
Indian aviation is experiencing dramatic growth from the emergence of new carriers to a growing middle class ready to travel by air, and India therefore has the potential to be one of the top three aviation markets in the world.
India is planning to open 100 airports by 2025 to revive the economic growth. India’s aviation industry is largely untapped with huge growth opportunities for Danish technologies with their strong focus on optimizing energy efficiency, sustainability, materials and environmental protection, etc.
In March 2021, The Ministry of Ports, Shipping and Waterways, launched the Maritime India Vision (MIV) 2030. The new vision had identified 150+ initiatives across ports, shipping and waterways sub-sectors that will propel Indian maritime sector to its next level of growth in the new decade. An important element highlighted in the vision is more green initiatives. India has set a target to achieve 50% national energy through renewable sources by 2030.
In December 2021, The Ministry of Civil Aviation announced an approval for setting up 21 Greenfield airports in India over the next 4-5 years. The project includes expansion and modification of existing terminals, new terminals, expansion or strengthening of existing runways, aprons, airport navigation services control towers, and technical blocks.
Defence
India has the second largest armed forces in the world and is one of the leading importers of defence products and services. India has plans to spend USD 130 billion on military modernizations over the next five years.
Achieving self-reliance in the defence production is of particular priority to the Indian government. Indigenization of imported spares and separate budget provisioning for domestic capital procurement are some of the steps taken to improve autonomy, accountability, and efficiency in the sector. This has the potential to generate wealth, employment, and strategic benefits in the long run.
With a strong focus on digital transformation and strength in information technology and software development, India is seeking to collaborate with Danish companies to develop cutting-edge military technology.
Recently, the Government of India raised the foreign direct investment (FDI) limit in defence manufacturing under automatic route from 49% to 74%. This offers countless of opportunities for Danish defence companies to strategically enter the Indian market under the Indian government’s “Make In India” campaign. As part of the policy reforms to fast-track investments, the Government of India has committed to a time-bound defence procurement process and faster decision-making.
