Norway-India Business and Research Summit: Strengthening Strategic Partnerships Prime Minister Narendra Modi addressed the Norway-India Business and Research Summit, emphasizing the deepening collaboration between the two nations. The summit, held in Oslo on May 18, 2026, brought together business and research leaders from both countries to explore opportunities in critical sectors such as food security, fertilizers, energy, and shipbuilding. Modi highlighted the proven partnership between Norway and India, noting its role in addressing global challenges like food, fuel, and fertilizer security. Modi praised Norway’s investments in India’s food sector, including Equinor’s supply of LPG and LNG, and Yara’s contributions to the fertilizer industry. He also underscored the importance of joint efforts in clean energy, citing India’s target to produce 500 gigawatts of renewable energy and 5 million tons of green hydrogen by 2030. Norway’s wealth fund has prioritized clean energy investments, and Modi invited Norwegian companies to participate in India’s green energy future. The summit marked a significant milestone with the implementation of the Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) in October 2025. This unique agreement aims to attract $100 billion in investments over 15 years and create one million jobs in India. Modi assured participants that their investments would yield tangible outcomes, emphasizing India’s commitment to fostering a business-friendly environment. Modi also highlighted India’s reforms in taxation, labor codes, and governance, which have transformed the economic landscape. He called for accelerated growth, urging both nations to set ambitious targets.#india #prime_minister_narendra_modi #norway #norway_india_business_and_research_summit #trade_and_economic_partnership_agreement
