PM meets Nordic counterparts, invites investments in India

PM Modi met four Nordic leaders in the India-Nordic summit in Copenhagen

May 5, 2022

In his meeting with the Norwegian PM, both leaders discussed the potential to engage in areas like Blue Economy, renewable energy, green hydrogen, solar and wind projects, etc

PM Modi met the Swedish PM Magdalena Andersson as both leaders held talks to deepen bilateral relationship

Discussions about expediting the India-European Free Trade Association (EFTA) trade negotiations were also conducted with Iceland’s Prime Minister, Katrin Jakobsdottir

PM Modi also invited Finnish companies to invest in India, especially in the telecom sector

Prime Minister Narendra Modi conducted a few bilateral meetings with his counterparts from Norway, Sweden, Iceland, and Finland where he exchanged his opinions and ideas to expand India’s bilateral ties with these countries and shared his views on regional and global developments. 

On his second leg of his European visit, PM Modi met four Nordic leaders at the India-Nordic summit in Copenhagen. 

In his meeting with the Norwegian Prime Minister Jonas Gahr Store, both leaders discussed the potential to engage in areas like Blue Economy, renewable energy, green hydrogen, solar and wind projects, green shipping, fisheries, water management, rainwater harvesting, space cooperation, long term infrastructure investment, health and culture. This was the first meeting between both premiers.

PM Modi also met the Swedish PM Magdalena Andersson as both leaders held talks to deepen their bilateral relations. It must be noted that India and Sweden set up a Joint Action Plan in 2018 to address matters of defence, trade and investment, renewable energy, smart cities, women’s skill development, space, science, and healthcare, among others. PM Modi and Andersson also discussed the progress of the 2019 Lead IT initiative that was set up at the UN Climate Action Summit. The goal of the initiative is to guide the world’s heaviest greenhouse gas emitting industries towards a low-carbon economy.

PM Modi also held talks with his Icelandic counterpart, Prime Minister Katrin Jakobsdottir and discussed opportunities to deepen economic cooperation and stability in various sectors, such as geothermal energy, Blue Economy, renewable energy, fisheries, food processing, and education. Discussions about expediting the India-European Free Trade Association (EFTA) trade negotiations were also conducted.

In his first in-person meeting with PM Sanna Marin of Finland, PM Modi discussed the potential of expanding the India-Finland digital partnership, trade partnership, cultural exchange, and investment linkages. Cooperation in new and emerging technologies like AI, quantum computing, future mobile technologies, clean technologies, and smart grids was also discussed. PM Modi also invited Finnish companies to invest in India, especially in the telecom sector.

As of 2020-21, India’s trade volume with Nordic countries amounted to more than US$ 5 billion.

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