India Norway Talks Focus on Solar Power, Carbon Capture and Investment Partnerships
New Delhi and Oslo, February 17: Finance Minister Nirmala Sitharaman on Tuesday held bilateral talks with Norway’s Finance Minister Jens Stoltenberg in Oslo, exploring deeper cooperation in renewable energy and emerging green sectors.During the meeting, both leaders discussed expanding collaboration in solar power, rare earth processing, and carbon capture and storage. The discussions underscored a shared intent to strengthen partnerships in clean energy technologies and sustainable industrial development.
Leveraging Trade and Economic Partnership Agreement for Blue and Green Economy
The two sides agreed to work towards leveraging the Trade and Economic Partnership Agreement, with a particular focus on advancing cooperation in the blue economy and green economy. Investment avenues through Sovereign Wealth and pension funds were also highlighted as key areas for future engagement.Stoltenberg noted that India’s sustained economic growth presents significant opportunities for investment and expansion, signaling Norway’s interest in strengthening economic ties.
PM Modi Visit Expected to Boost India Norway Relations
During the talks, Stoltenberg informed Sitharaman that Norway is looking forward to Prime Minister Narendra Modi’s visit later this year. He expressed confidence that the visit would further expand India Norway cooperation across strategic sectors.The meeting reflects ongoing efforts by both nations to deepen economic collaboration, particularly in renewable energy, green finance, and sustainable development initiatives.
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