On this picture obtained on Might 18, 2026, Prime Minister Narendra Modi with Norway Prime Minister Jonas Gahr Støre, EAM S Jaishankar, Nationwide Safety Advisor Ajit Doval and others throughout a gaggle {photograph}, in Oslo, Norway.
| Photograph Credit score:
through PTI Photograph
Prime Minister Narendra Modi on Monday invited Norwegian companies to invest in India, highlighting reforms the nation has taken in taxation, labour code and governance, in addition to decreasing compliance burden.
Talking on the India-Norway Enterprise and Analysis Summit, the Prime Minister stated the muse of the partnership between the 2 international locations could be very sturdy.
Robust India-Norway partnership highlighted
“This can be a confirmed partnership. At this time, when meals, gas and fertiliser safety have change into a type of international problem, India and Norway are working collectively to resolve this downside,” he stated.
He famous that many CEOs from Norway had been collaborating in Vibrant Gujarat and different summits in India.
“We should always enhance the depth of this partnership and take it to the brand new frontier,” Modi stated.
Enterprise summit attracts international participation
The summit was attended by CEOs of over 50 companies and greater than 250 individuals from the Norwegian and Indian enterprise and analysis communities.
The Prime Minister highlighted that India presents big alternatives for funding, and significantly spoke about clear vitality and main demand in the vitamin and well being sectors.
Clear vitality and funding push
He additionally stated that funding in clear vitality is a precedence for the Norwegian wealth fund and invited it to change into an necessary accomplice in India’s clear vitality future.
Within the final 12 years, the Indian authorities has fully modified the nation’s financial DNA, he stated, including that India is constantly decreasing compliance and taking proactive steps to improve the convenience of doing enterprise.
Manufacturing and shipbuilding focus
He additional stated India offers one of the best alternatives for manufacturing, and the federal government presents incentives in many sectors.
Referring to the shipbuilding, the Prime Minister stated the nation is working to make this sector a strategic manufacturing section.
Presently, 10 per cent of Norway’s ships are constructed in India, Modi stated, calling for rising it to 25 per cent over the subsequent 5 years.
TEPA boosts bilateral commerce objectives
In his tackle, the Prime Minister lauded the expansion in bilateral commerce and investments following the Commerce and Financial Partnership Settlement (TEPA) coming into pressure.
He additionally underlined that stakeholders on each side ought to make efforts to obtain the funding goal of USD 100 billion beneath the TEPA and a million jobs over fifteen years.
Ease of doing enterprise for Norwegian buyers
The Prime Minister additionally stated {that a} devoted commerce facilitation desk beneath Invest India for Norway has been established.
This, he stated, will make the Norwegian funding journey in India simpler, quicker and simpler.
“Come and enhance your scope and ambition in India. I’m inviting you to come to India…,” he stated, assuring enterprise leaders that their funding in India could have constructive outcomes.
Rising India-Norway cooperation momentum
Norwegian Crown Prince Haakon and Prime Minister Jonas Gahr Retailer additionally participated in the summit.
The summit marked the rising momentum in bilateral financial cooperation, the Ministry of Exterior Affairs stated in an announcement.
Prior to the high-level Enterprise and Analysis Summit, 4 spherical desk classes had been organised throughout completely different places in Oslo, specializing in healthcare innovation, maritime cooperation, batteries and vitality storage methods, digitalisation and electrification, and wind vitality.
Printed on Might 18, 2026
Source link
#Modi #invites #Norwegian #companies #invest #India
