New Delhi: Union Minister for Finance and Corporate Affairs Nirmala Sitharaman met Norway’s Minister of Finance Jens Stoltenberg in Oslo on Monday.
During the meeting, Stoltenberg said that India’s economic growth offers significant opportunities to invest and grow. The two leaders discussed cooperation in the renewable sector, particularly solar power, rare earth processing, and carbon capture and storage.
Both leaders agreed to work towards leveraging the Trade and Economic Partnership Agreement (TEPA), especially in the domains of blue economy, green economy, and investment via sovereign wealth and pension funds.
Stoltenberg also informed Sitharaman that Norway is looking forward to the scheduled visit of Prime Minister Narendra Modi later this year and expressed hope that it would further expand India–Norway cooperation.
In a separate engagement at the Norwegian Parliament (Storting) in Oslo, Sitharaman interacted with Tuva Moflag, Head of the Finance Committee; Trine Lise Sundnes, Deputy Head of the European Free Trade Association (EFTA) Committee; and Himanshu Gulati, head of the Indian-Norwegian Friendship Group.
Both sides discussed avenues for mutual investment and collaboration, noting that cooperation had gained prominence, especially in the context of India’s EFTA TEPA. The Committee members welcomed Modi’s proposed visit later in the year and expressed hope that it would further enhance bilateral cooperation.
Sitharaman also invited the Committee members to visit GIFT-IFSC, stating that it is a globally competitive financial hub offering infrastructure and services for financial institutions, along with tax benefits, the Finance Ministry said in a post on X.
