India-Nordic Summit

  • 15 May 2024

The 11th India-Norway foreign office consultations in Delhi discussed plans for the next India-Nordic summit expected in Oslo, focusing on diverse cooperation areas.

  • The India-Nordic Summit aims to enhance bilateral ties in blue economy, renewable energy, climate, green hydrogen, and more.
  • Previous summits were held in Stockholm (2018) and Copenhagen (2022), highlighting the growing partnership.
  • Both sides praised the Trade and Economic Partnership Agreement (TEPA) signed between India and EFTA member states in March 2024.
  • TEPA facilitates significant investment opportunities, with EFTA countries eyeing USD 100 billion investment in India over 15 years.
  • The agreement opens avenues for Indian exporters in European and global markets, while EFTA firms can expand operations in India.
  • Discussions included UN reforms and regional/global issues, reflecting mutual interests and cooperation.