In a major diplomatic foray, Union Commerce and Industry Minister Piyush Goyal ended his visit to Norway, the first by an Indian minister in more than 25 years. Goyal stressed that the bilateral relationship between India and Norway is on the cusp of a new era of trust and economic cooperation.
On the occasion of the visit, Goyal had high-level meetings with Norway’s Minister of Foreign Affairs Espen Barth Eide and Minister of Trade and Industry Cecilie Myrseth. The meetings were centered around implementing the India-EFTA Trade and Economic Partnership Agreement (TEPA) and ways to increase bilateral trade and investment relations.
“Completed my fruitful trip to Norway, the first one by an Indian Commerce and Industry Minister in the last 25 years”, Goyal tweeted on X, which was earlier known as Twitter. “My interactions with the country’s political and business leadership instill in me great confidence that our relationship is poised to reach a new level of trust and growth”, he further said.
Goyal was a panelist with the top Norwegian investors where he addressed the opportunities opening up in the capital markets of India and GIFT City potential. “Deliberated on investment prospects of India’s capital markets and GIFT City’s potential to be a new gateway for investors with the changing economic landscape of the world”, he said.
He also co-chaired the Norway India Business Executive Roundtable with Minister Myrseth on innovation-led growth and strategic business partnerships. Goyal also called on the Norwegian Parliament (Stortinget) and met with ‘some of the prominent members’.
The Norway trip was a part of Goyal’s five-day visit to London, Oslo, and Brussels to boost India’s trade and investment ties with the UK, Norway, and the European Union.