Oslo: On her official trip to Norway, India’s Finance Minister Nirmala Sitharaman highlighted immense prospects for investment and expansion within India’s dynamic economy. Engaging with Norwegian Finance Minister Jens Stoltenberg, she emphasized joint initiatives in renewables like solar energy, rare earth mineral processing, and innovative carbon capture solutions.
The Finance Ministry noted that the duo committed to maximizing the Trade and Economic Partnership Agreement (TEPA) for advancements in blue and green economies, alongside channeling investments via sovereign wealth and pension funds. Such moves promise to bolster economic synergies between the two nations.
Stoltenberg conveyed anticipation for Prime Minister Narendra Modi’s end-of-year visit, expecting it to elevate India-Norway collaboration. Sitharaman held productive talks with Storting’s Finance Committee head Tove Moflag, EFTA Committee deputy Trine Lise Sundnes, and India-Norway parliamentary friendship group leader Himanshu Gulati.
Committee members expressed delight over PM Modi’s planned trip, hoping it catalyzes deeper bilateral ties. Promoting GIFT-IFSC, Sitharaman invited them to explore this premier international financial services center, which provides top-tier infrastructure, liberal regulations, tax incentives, and support for financial entities worldwide.
Sitharaman’s schedule featured a high-level roundtable with Norwegian business executives and investors, capped by an interaction with Overseas Indians in the community. Building on her Germany visit—where she met elites to advance EU-India FTA discussions—these interactions signal India’s aggressive outreach for FDI in high-growth areas.
As global economies navigate uncertainties, India’s proactive diplomacy with Nordic nations like Norway exemplifies its vision for inclusive, green-led prosperity.