Norway’s capital Oslo hosted Finance Minister Nirmala Sitharaman, who underscored abundant investment and growth opportunities in India’s economy to local leaders. Conversations with Jens Stoltenberg delved into collaborative potentials in solar energy, rare earth processing, and carbon capture technologies, aligning with global green transitions.
Ministry updates reveal agreement on harnessing TEPA for blue and green economy projects, plus sovereign and pension fund investments—poised to drive bilateral trade surges. Stoltenberg highlighted excitement for PM Modi’s forthcoming visit, projecting heightened India-Norway synergy.
Sitharaman’s parliamentary meetings with Tove Moflag, Trine Lise Sundnes, and Himanshu Gulati elicited positive responses to Modi’s plans, with hopes for expanded cooperation. She pitched GIFT-IFSC vigorously, detailing its world-standard facilities, regulatory liberality, tax advantages, and institutional support.
Rounding out the visit, she participated in a business roundtable with CEOs and investors, and connected with the Indian community. Mirroring her German engagements on EU-India FTA, these steps illustrate India’s diplomatic fervor to secure investments amid economic momentum.
India’s narrative of reform-driven growth, coupled with sector-specific invitations, positions it advantageously in the international investment landscape, promising mutual benefits with partners like Norway.