Modi assures businesses in Norway of tangible outcomes on their investment
This story was originally published at 14:48 IST on 19 May 2026
Register to read our real-time news.Informist, Tuesday, May 19, 2026
NEW DELHI – Prime Minister Narendra Modi assured business leaders in Norway of guaranteed returns on their investments in India, saying the government is reducing compliances and taking proactive steps to improve the ease of doing business in the country. The prime minister mentioned health care and nutrition, clean energy, shipbuilding, and manufacturing as potential areas of investment.
Modi called the intent of the European Free Trade Association countries to invest $100 billion in India over the next 15 years "an ambitious target" but one that is achievable. "I assure you with confidence that transforming your investments in India into tangible outcomes is our guarantee," Modi told the Norway-India Business and Research Summit in Oslo Monday evening.
The prime minister said India has opened a dedicated trade facilitation desk for Norway to address investors' requirements in a focused manner. "Recently, we have introduced next-generation reforms in areas such as taxation, labour codes, and governance," he said. "I believe that we are now offering some of the finest opportunities to take manufacturing in India to the next level." He added that his government is also providing incentives across several key sectors.
"Today, nearly 10% of Norway's ships are built in India," Modi said. "Can we increase this to 25% over the next five years? I invite all of you to become major partners in this sector by taking advantage of India's policy stability and incentives."
The prime minister said India has set targets to produce 500 gigawatts of clean energy and 5 million tonnes of green hydrogen by 2030. "Clean energy investment is also a priority for the Norwegian Wealth Fund," he said. "I invite Norway to become an important partner in India's clean energy future."
Modi noted that when food, fuel, and fertiliser security have become global challenges, India and Norway are working together to address these issues. "Whether it is Orkla's investments in India's food sector, Equinor's supply of liquefied petroleum gas and liquefied natural gas to India, or Yara International's contribution to India's fertiliser sector, these collaborations are strengthening our partnership," he said. End
US$1 = INR 96.50
Reported by Asim Khan
Edited by Rajeev Pai
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
