Prime Minister Narendra Modi attended the India-Norway Business and Research Summit in Oslo. Crown Prince Haakon and the Prime Minister of Norway, Jonas Gahr Støre, also participated. During the summit, PM Modi acknowledged the growth in bilateral trade and investments following the Trade and Economic Partnership Agreement (TEPA). He emphasized the importance of achieving the investment target of 100 billion US dollars under TEPA, which is expected to create one million jobs in India. He highlighted India's growth trajectory, demographic advantages, and investor-friendly environment. He encouraged Norwegian investments in sectors like the blue economy, shipbuilding, renewable energy, and startups. PM Modi also emphasized India's green transition agenda, recognizing its growing energy demands and climate commitments. He praised Norway's leadership in clean energy investments and ocean sustainability. The summit urged business communities to create new partnerships and strengthen economic cooperation. The summit was attended by CEOs from over 50 companies and more than 250 participants from the Norwegian and Indian business and research communities. Several business agreements were signed between Indian and Norwegian companies. Prior to the summit, four roundtable sessions were organized, focusing on healthcare innovation, maritime cooperation, batteries, digitalization, and wind energy.
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