In a bid to fortify economic bridges, Finance Minister Nirmala Sitharaman told Norwegian counterparts during her Oslo visit that India’s growth story brims with lucrative investment and expansion opportunities. Her dialogue with Finance Minister Jens Stoltenberg focused on partnering in solar renewables, rare earths processing, and carbon capture storage—key to future sustainability.
Per the Finance Ministry, leaders endorsed utilizing the TEPA framework to advance blue economy, green initiatives, and investments from sovereign wealth and pension mechanisms. This consensus marks a pivotal step in mutual economic empowerment.
Norway eagerly awaits PM Narendra Modi’s visit by year-end, as per Stoltenberg, to amplify cooperative frameworks. Sitharaman conferred with Storting Finance Committee chair Tove Moflag, EFTA deputy Trine Lise Sundnes, and friendship group head Himanshu Gulati, who rejoiced at Modi’s itinerary and anticipated amplified partnerships.
She spotlighted GIFT-IFSC as an invitation-worthy global financial powerhouse, boasting competitive setups, eased regulations, tax perks, and comprehensive services for international finance players. Additional engagements encompassed a CEO-investor roundtable and a diaspora meet-up.
This Norway outreach echoes her recent German interactions on EU-India trade pacts, reflecting a broader strategy to harness foreign capital for India’s ascent in strategic sectors. With robust GDP projections, India stands as an investor magnet, blending policy reforms with global alliances for enduring progress.