Capital:- Copenhagen Currency:- Danish krone Population:- 5,574,000 (2011) World Bank Year of EU entry: 1973 Member of Schengen

ngen area :-Yes Political system: Constitutional monarchy Capital city: Copenhagen Total area: 43 094 km

"Denmark is the worlds best country for doing business" - Forbes Magazine 2010 "If youre looking for innovation, look to the north, where youll find Denmark, the most innovative nation in the world." Smartplanet 2011 Denmark has the world's most flexible job market Ranks as having the worlds largest level of Income equality

One of the world's highest levels of education. Combined with virtually non-existent corruption, this provides the recipe for a really good investment climate. Denmark ranks 28th among foreign investors in India.

TECHNOLOGICALLY ADVANCED FREEMARKET ECONOMY GATEWAY TO SCANDINAVIAN COUNTRIES FLEXIBLE LABOR MARKET ADVANCED TELECOMMUNICATION INFRASTRUCTURE WELL EDUCATED GRADUATES EXCELLENT LANGUAGE SKILLS

GDP in Denmark contracted 0.40 percent From 1991 until 2012, Denmark GDP Growth Rate averaged 0.4 Percent reaching an all time high of 3.6 Percent in June of 2005 Denmark industrialized market economy depends on imported raw materials and foreign trade

Denmark exports were worth 53822 Million DKK in August of 2012. Historically, from 1997 until 2012, Denmark Exports averaged 39172.05 Billion DKK reaching an all time high of 54862.50 Billion DKK in March of 2011 and a record low of 23762.60 Billion DKK in May of 1998. The Danish economy depends heavily on foreign trade. Denmark is self-sufficient in energy producing: oil, natural gas, wind and bioenergy. Its principal exports are machinery, instruments and food products. Trade with other EU countries accounts for almost 70% of Danish exports. Germany is Denmarks most important trading partner.

Denmark imports were worth 46433 Million DKK in August of 2012. Historically, from 1997 until 2012, Denmark Imports averaged 34970.95 Million DKK reaching an all time high of 50363.20 Million DKK in October of 2008 and a record low of 21730.40 Million DKK in July of 1997. Denmark imports mainly machinery and equipment, raw materials and semi manufactures for industry, chemicals, grain and foodstuffs and consumer goods. Danish major imports partners are Germany, Sweden, Netherlands U.K .and China

LITERATURE PAINTING-SCULPTURE FILMS DESIGN-ARCHITECTURE MODESTY & PUNCTUALITY, BUT ABOVE ALL EQUALITY IS MOST IMPORTANT ASPECTS PRIVACY IS PRIMARY VALUE IN DANISH ETIQUETTE DANISH CONSIDERS INFORMALITY AS A VIRTUE

NUCLEAR FAMILY IS THE SOCIAL STRUCTURE DANISH CULTURE IS CHARATERISED BY SIMPLICITY, GOOD MANNERS, PROPRIETY AND MINIMALISM DANISH PEOPLE EXPECT COURTEOUS BEHAVIOR AND TALK IN MODERATE TONE

FOOD PROCESSING MACHINERY & EQUIPEMENTS TEXTILE & CLOTHING CHEMICAL PRODUCTS FURNITURE & WOOD PRODUCTS ELECTRONICS SHIP BUILDING & CONSTRUCTION

Natural gateway to the Scandinavian countries and the Baltic area A high-quality motorway network means swift and easy access to all markets in the Northern European region. One of the worlds top 3 flexible labour markets. One of the most advanced telecommunication infrastructures in Europe with world leading use of PC, Internet and Broadband. A company tax rate of 25% and expatriates can benefit from a special tax regime A well-educated population with a high proportion of university graduates and excellent language skills.

Denmark offers ... A range of corporate forms enabling investors to tailor the investment to business needs and activities Quick, informal and cost-efficient establishment procedures. Online incorporation of new companies within a few hours. No resident requirements for managing directors or members of board directors. Danish company law in conformity with current EU legislation


STRENGHTS

WELFARE STATE WITH SOCIAL RESPNSIBILITY LESS CORRUPTION 98% EMPLOYMENT POLITICALLY STABLE TEAM ORIENTED

WEAKNESS

LACK OF OPENESS TO WORLD LACK OF TOLERANCE


OPPORTUNITIES

HIGH GROWTH IN PHARMACEUTICAL INDUSTRY STRATEGIC GEOGRAPHICAL LOACTION EUROPEAN MARKETS BRIDGE BETWEEN SCANDIVIAN OTHER

THREATS

LACK OF COMPLETE DEMOCRACY HIGHER TAXATION NOT GOOD CONECTION WITH MUSLIMSWORLD CURRENT RECESSION

Pandit Jawaharlal Nehru's visit to Denmark in 1957 laid the foundation for a friendly relationship between India and Denmark The bilateral relations between India and Denmark are cordial and friendly, based on synergies in political, economic, academic and research fields.

Technical Cooperation Agreement 1970 - Agreement on an Integrated Fisheries Project at Tadri, Karnataka - 1981 - Investment Promotion and Protection Agreement (BIPA) 1995 - Protocol on Avoidance of Double Taxation (DTAA) - 1995 - MOU for cooperation between CII and Confederation of Danish Industries 1995 - Protocol on Foreign Office Consultation - 1995 - Joint Business Council Agreement between FICCI and the Danish Industry(DI) - 2002 - MOU on Biotechnology for Bilateral Cooperation 2004 - Agreement for establishment of a Bilateral Joint Commission for Cooperation Feb 2008

- MOU for Cooperation in New and Renewable Energy Feb 2008 - Arrangement on Gainful Employment for Family Members of the Diplomatic Mission or Consular Posts Feb 2008 - MOU on Clean Development Mechanism Oct 2008 - MOU on Cooperation in the area of Environment September 2009 - MOU on Labour Mobility Partnership September 2009 - Social Security Agreement February 2010

Indias commodity exports to Denmark totaled US$ 992 million in CY 2011, recording an increase of 36% over CY 2010. Major Indian exports to Denmark included apparels/ready-made garments (about 50% of total exports), textiles, fabric and yarns/carpets, road vehicles and components, miscellaneous metal goods, iron and steel, footwear, travel goods including leather goods, industrial machinery and accessories, organic chemicals, etc.

Indias commodity imports from Denmark had a value of US$ 597 million in CY 2011, i.e. 23% more than in CY 2010. Major Danish exports to India included medicinal/ pharmaceutical goods, power generating machinery, industrial machinery, metal scrap and waste, ore, chemical material and products, etc.

WELFARE STATE HAVING CONSTITUTIONAL MONARCHY BEST IN CONSTRUCTION, HEALTHCARE, FISHERIES, FOOD PROCESSING & PHARMACEUTICAL INDUSTRY. LOW DEFICIT