Fresh momentum in India-Norway economic relations unfolded in Oslo, where Finance Minister Nirmala Sitharaman convened with Norwegian leaders Cecilie Myrseth and Even Trønstad Sagebakken. The February 18 talks, publicized by the Finance Ministry on X, targeted enhanced cooperation across high-potential domains.
Key areas included pioneering green technologies, strategic rare earth processing, robust maritime and shipping sectors, and thriving fisheries industries—sectors poised for mutual advancement.
Central to the agenda was fortifying the India-EFTA TEPA through deeper investments and technological synergies, aiming to streamline trade barriers and promote innovation.
Norway’s Myrseth eagerly awaited PM Modi’s end-of-year visit, viewing it as a milestone for bilateral engagement. Sagebakken lauded India’s maritime prowess, emphasizing its role in bolstering Norway’s oceanic ventures.
Sitharaman stressed TEPA’s transformative potential, advocating for its punctual implementation to unlock investments, tech transfers, and employment prospects. This approach reflects India’s broader strategy to harness global alliances for domestic development.
Observers hail the meeting as a game-changer, forecasting amplified trade partnerships in eco-friendly tech and marine economies. Such alliances not only strengthen economic bonds but also position both countries as leaders in sustainable global supply networks, driving inclusive growth.