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- Norway’s Ambassador to India recently said that the bilateral trade between India and Norway has doubled to $2 billion in the last two years.
- He recently took part in the silver jubilee celebration of the National Institute of Ocean Technology.
Upcoming Areas of Cooperation in India Norway Relations
- Climate investments:
- Norway is planning to invest in climate investments, clean energy and ocean technology worldwide.
- Norway would invest $1 billion from its climate investment fund in five years worldwide.
- Substantial part of the investments will take place in India. India is one of the countries with a large potential for solar energy.
- Wind Energy:
- Norway is working with the National Institute of Wind Energy to expand Wind energy infrastructure in India.
- The problem in India, when it came to wind energy, was that only Tamil Nadu and Gujarat had stable wind to make it viable.
- Norway is working with the National Institute of Wind Energy to expand Wind energy infrastructure in India.
- Ship-breaking industry in India:
- Norway has the fifth largest commercial fleet in the world, and ship recycling was crucial to keep up a modern fleet, both for environmental as also for competitive reasons.
- Norway is cooperating closely with India over this.
- Hong Kong Convention:
- The Hong Kong Convention is aimed at ensuring that ships, when being recycled after reaching the end of their operational lives; do not pose any unnecessary risk to human health and safety or to the environment.
- India has joined the Hong Kong Convention.
- It will be a binding international legal instrument.
- Academic relations:
- There is an academic relation between the Indian Institute of Technology-Madras and the Institute of Wind Energy in Chennai with institutions in Norway.
- Digitising historical monuments:
- The Norwegian company, Piql, was involved in creating a digital archive for Indian monuments such as the Taj Mahal.
- The company was also involved in digitising historical monuments such as Dholavira in Gujarat and the Bhimbetka Caves in Madhya Pradesh.
Norway-India relations
- History
- Ties between Norway and India have deep historical roots.
- As early as the 1600s, a Danish-Norwegian trading station was established in Tranquebar (Tharangambadi), which today lies in the Indian state of Tamil Nadu.
- Norway’s first Consulates in India opened in Kolkata and Mumbai in 1845 and 1857, respectively.
- In 1952, the “India fund” was established with the aim to provide development assistance with a focus on fisheries.
- Consulate General
- The Consulate General in Mumbai re-opened its doors in 2015.
- It had been closed since the 1970s.
- India Strategy
- In 2018 the Norwegian government launched a new ‘India Strategy’.
- The India Strategy outlines five thematic priorities:
- Democracy and a rules-based world order
- The oceans
- Energy
- Climate and Environment
- Research, higher education and global health.
- Ocean nations
- Norway and India are both ocean nations seeking to develop the vast economic, scientific and ecological potential of the oceans.
- In 2019, Norway and India signed a Memorandum of Understanding (MoU) establishing a structured and strategic cooperation on the oceans.
- This cooperation is based on our shared interest in the blue economy and the sustainable use of marine resources, as well as a desire to advance scientific knowledge about our oceans.
- Climate change
- Norway considers India a critical partner in addressing global climate, environment and resource challenges, and continuously seeks to increase cooperation in support of the Paris agreement and the SDG-agenda.
- Bilateral Trade
- Total bilateral trade increased from US$ 974.22 million in 2013-2014 to US$ 1,202.06 million in 2017-2018.
Source: TH
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