The two countries held their first official meeting in two decades as India ups the ante on enhanced ties with Europe. Greater proximity with Europe’s richest country can yield big dividends.
With the balance of trade already tilted in its favour, India has the edge on bilateral ties with Italy. The latter’s struggle for growth and burgeoning debt also means it sees India as a crucial bilateral partner of the future.
The two countries are entering into a new phase of unprecedented but close bilateral relations while putting aside the hesitations of the past.
The bilateral summit--Sri Lankan Prime Minister’s first diplomatic engagement since elections, showed the two countries have developed enough confidence to discuss contentious issues.
In the backdrop of strained ties with China, the importance of relations with Myanmar has increased as shown by last week’s consultations between the foreign offices of both countries.
With the Arab World reestablishing diplomatic links with Tel Aviv the opportunities for New Delhi, to engage across multiple platforms, now appears to be limitless given its fruitful associations with Israel and multiple Arab states.
Denmark’s expertise in green technology will give India a huge boost in meeting its renewable energy target while the Indian market represents an enormous business possibility to Danish businesses for expansion and investment.