India, Norway to ink pact Tuesday to facilitate dialogue to boost bilateral trade


India and Norway will sign an agreement Tuesday to facilitate dialogue to boost bilateral trade, which currently stands at USD 1.2 billion. Norwegian Prime Minister Erna Solberg is currently on a 3-day visit here.

Addressing the India-Norway business summit, Solberg said Norway sees great scope for partnerships with India in business, trade, and investments and the country’s new strategy for engagement with India reflects its significance.

“The aim of the new strategy is to strengthen Norway’s bilateral relations and economic ties with India. Private sector engagement, research and technical cooperation are key components of the strategy,” she said.

Commerce Minister Suresh Prabhu said while addressing summit said, “we should try to think about how can we increase it (bilateral trade) substantially in the next few years  Read More

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