Bookmark Bookmark

The first session of India-Norway trade and investment dialogue

The first session of India-Norway trade and investment dialogue

On 15-16 January, 2020 the 1st Session of India-Norway Dialogue on Trade & Investment (DTI) was convened in New Delhi.

The session was based on the Terms of Reference (ToR) signed between India and Norway on 8th January, 2019 in New Delhi, during the visit of Prime Minister of Norway.  This was the first meeting after the signing of DTI.

On 15th January 2020, an industry interaction preceded this Session with the representatives from Indian industry. The discussions were held on various areas of mutual interest like the shipping, blue economy & maritime, ICT, renewable energy, MSME and fisheries.  They exchanged views on investment opportunities that are accessible 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.

Around USD257 million were the cumulative FDI equity inflows to India from Norway during the year April 2000 to September 2019. 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. Both sides noted that the dynamic nature of the commercial exchange between the two countries would result in an increasing number of companies interested in establishing and gaining access to the markets in India and Norway.

You might be interested:

The International Conclave on “Globalizing Indian Thought”

The International Conclave on “Globalizing Indian Thought”  On January 17, 2020, the International Conclave on “Globalizing Indian Thought” was conducted in IIM, Kozhikode ...

a month ago

Food Processing Summit

Food Processing Summit Union Territory (UT) Ladakh is hosting the first-ever Food Processing Summit. This is mainly to attract investors to the region. With the guidance of the Ministry of Commerce an ...

a month ago

GoI released National Draft Policy on Rare Diseases

GoI released National Draft Policy on Rare Diseases The government on 13th January 2020 released a draft policy, under which it proposed to fund one-time treatment cost to the tune of Rs. 15 lakh for ...

a month ago

One Liners of the Day, 17 January 2020

Defence Raksha Mantri flagged off 51st K9 VAJRA-T Gun from Larsen & Toubro (L&T) Armoured System Complex at – Hazira, Gujarat. A 19th joint-exercise between the two Coast Guards of Indi ...

a month ago

Daily News Digest:16 January 2020

Global Risks Report, 2020On 15th January 2020 the World Economic Forum’s ‘Global Risks Report 2020’ was released. This notes that for the first time in the report’s 10-year-his ...

a month ago

IMD Foundation Day

IMD Foundation Day The India Meteorological Department-IMD celebrated its 145th Foundation Day on 15th January 2020. It began in 1875, and since then it has marched forward with various milestones and ...

a month ago

Provide your feedback on this article: