FDI equity inflows to India from Norway during the last nine years from April,
2000 to September, 2019 were around 257 million US Dollars. While economic
exchanges between India and Norway remain satisfactory, there are ample
opportunities for further intensification and diversification in mutually
beneficial areas and their complementarities.
Session of India-Norway DTI on Jan 15-16 based on ToR signed last year
The first Session of India-Norway Dialogue on Trade & Investment (DTI) was
convened in New Delhi on January 15-16th. The session was based on the Terms of
Reference (ToR) signed between India and Norway on January 8th
last year in New Delhi, during the visit of Prime Minister of Norway. This was the first meeting after the signing
Both sides noted that the
dynamic nature of commercial exchange between the two countries will result in
increasing number of companies interested in establishing and gaining access to
the markets in India and Norway.
Session preceded by an industry interaction on January 15th
The first Session was preceded by an industry interaction on January 15th
with the representatives from Indian industry, where discussions were held on
various areas of mutual interest like the Blue Economy, Shipping and Maritime,
ICT, Renewable Energy, Fisheries and MSME.
exchanged views on investment opportunities available in the respective
countries as also the facilitations being extended by respective Governments
for creating attractive investment environments. Presentations were also made
by the Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) and Invest India .Representatives from the Federation of
Indian Chambers of Commerce and Industry (FICCI), Confederation of Indian
Industry (CII), fisheries, ICT, renewable energy, electrical equipment, IT and
solar energy sectors participated in the industry interaction. The Department
for Promotion of Industry and Internal Trade (DPIIT) and the Department of
Economic Affairs highlighted various policy initiatives of the Government for
promoting investment in the country.
Main session on Jan 16 with
session on January 16th was co-chaired by Joint Secretary,
Department of Commerce, Nidhi Mani Tripathi, and Director General, Ministry of
Trade, Industry and Fisheries, Mr. Erling Rimestad.
side was represented by officers from Departments of Commerce, DPIIT,
Fisheries, Chemicals & Petrochemicals, Economic Affairs, Ministries of
External Affairs, Food Processing, Micro, Small and Medium Enterprises, New and
Renewable Energy, Power, Science and Technology, Shipping, Tourism and Skill
Development & Entrepreneurship.