India-Norway: Boosting Renewable Energy Cooperation

Finance Minister Nirmala Sitharaman and Norway's Jens Stoltenberg explored bilateral cooperation in renewable energy sectors like solar power and carbon capture. They aim to leverage the Trade and Economic Partnership Agreement for growth in blue and green economies, while discussing India's potential for economic growth and investment.

In a significant step towards bolstering global renewable energy efforts, India's Finance Minister Nirmala Sitharaman engaged in discussions with her Norwegian counterpart Jens Stoltenberg on Tuesday. The meeting highlighted solar power and rare earth processing as key areas for collaboration.

Stoltenberg emphasized India's promising economic growth, underlining its potential for investments and partnership development. Both finance ministers expressed keen interest in mutually leveraging the Trade and Economic Partnership Agreement, aimed at enhancing the blue and green economies.

Looking ahead, Norway welcomes the visit of India's Prime Minister Narendra Modi later this year, viewed as a crucial opportunity to expand bilateral cooperation further. The dialogues reflected both nations' commitment to addressing global energy challenges collaboratively.

(With inputs from agencies.)