Amidst global economic shifts, India and Norway are charting a collaborative course. On February 18 in Oslo, Nirmala Sitharaman, India’s Finance and Corporate Affairs Minister, met Trade and Industry Minister Cecilie Myrseth and Fisheries State Secretary Even Trønstad Sagebakken to explore expansive economic synergies.
The Finance Ministry’s X update detailed deliberations on green tech innovations, rare earth advancements, shipping and maritime prowess, and fisheries development—vital pillars for future prosperity.
The conversation spotlighted the India-EFTA TEPA, prioritizing reciprocal investments and tech collaborations to enhance competitiveness on the world stage.
Myrseth conveyed enthusiasm for PM Narendra Modi’s forthcoming Norway visit, anticipating breakthroughs in diplomacy. Sagebakken highlighted India’s maritime expertise as a cornerstone for Norway’s marine economic expansion.
Optimistic about TEPA’s rollout, Sitharaman noted its capacity to generate investments, enable technology diffusion, and spawn jobs, aligning with India’s Atmanirbhar Bharat vision.
This strategic parley is poised to elevate India-Norway ties, with experts anticipating surges in trade through green and blue economy initiatives. By integrating strengths, the duo can secure resilient supply chains, innovate sustainably, and contribute meaningfully to worldwide economic stability.