Finance Minister Nirmala Sitharaman emphasized the importance of increased foreign direct investment (FDI) in India during a meeting with prominent Norwegian CEOs and investors in Oslo. She highlighted India’s status as the fastest-growing major economy and the favorable investment climate during her official visit to Norway. The Union Budget 2026-27 reflects the government’s commitment to simplifying regulations and compliance processes to facilitate investments.
Sitharaman underscored India’s expanding trade relationships with entities like the European Free Trade Association (EFTA), the EU, the UK, and the US, providing a stable platform for trade and long-term investments. Participants at the meeting praised India’s consistent policies and macroeconomic environment, recognizing the government’s ongoing reform initiatives and progress.
The CEO of the National Investment and Infrastructure Fund (NIIF) presented India’s growth story and investment opportunities across various sectors to the Norway-India CEOs Roundtable. Organized by the CII and the Indian Embassy in Norway, the event aimed to foster collaboration between the two countries.
Norwegian Prime Minister Jonas Gahr Store, anticipating Prime Minister Narendra Modi’s upcoming visit, expressed eagerness to enhance bilateral cooperation. He commended India’s reform agenda and identified potential areas for collaboration, including fisheries, health tech, maritime, and space sectors. Discussions also covered the operationalization of the India-EFTA TEPA and outlined cooperation in high-tech manufacturing, renewable energy, and other fields.
