There is no question of trade war between norway and India!
The relationship between india and norway has been friendly. Norway's Ambassador to india May-Elin Steiner is also positive about this. Recently, she described india as an important market for Norwegian investment. Steiner also confirmed that there is no evidence of withdrawal of capital from any investment area.
indian market is interesting for Norway
Elin Steiner further said, "Norway has both foreign direct investment (FDI) and foreign portfolio investment (FPI) in India. india is an interesting market for norway for both types of investment. capital has not been withdrawn from any of these." Elin Steiner is Norway's ambassador to india as well as Sri Lanka. She said these things during a panel discussion on the topic 'Foreign investors' view towards India' at Moneycontrol's Global Wealth Summit. Let us tell you that the decline in the indian stock market has been continuing for the last 5 months. Foreign investors have sold shares worth Rs 2.81 lakh crore since october 2024. This has put the stock market under pressure.
Norway's investment in india is increasing
May-Elin Steiner also said that Norway's investment in india has seen a tremendous jump. Fund investment has increased threefold since 2020. Direct investment has also increased rapidly after the trade and economic partnership agreement last year. He informed that in the last decade, Norwegian companies in india have also doubled to more than 100 and this number is increasing continuously. Trade between india and norway has also doubled since 2018.
No threat of trade war between india and Norway
norway has the world's largest sovereign wealth fund, mentioning this, May-Elin Steiner said that the country has decided to spend it for financial security for future generations. Steiner also said that given the current growth rate, investment in india is likely to continue to grow. He said, india has a good relationship with norway so there is no possibility of a trade war. Investment is only going to increase.
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