Sitharaman highlights India's expanding trade architecture in meeting with Norwegian CEOs
New Delhi/Oslo (PTI): Finance Minister Nirmala Sitharaman on Wednesday highlighted India's expanding trade architecture and said the country provides a durable framework for trade, industrial collaboration and long-term investments.
In a roundtable meeting with prominent Norwegian CEOs and investors in Oslo, Sitharaman said her official visit to Norway has witnessed engaging and positive discussions on India as an investment destination and the fastest-growing major economy in the world.
"In the light of India's expanding trade architecture, including agreements with European Free Trade Association (EFTA), the EU, the UK and the US, the Union Finance Minister highlighted the conditions in India that provide a durable framework for trade, industrial collaboration and long-term investments,” the Union Finance Ministry said in a X post.
She said that Union Budget 2026-27 also underpins the reform focus of the Government of India on easing regulatory and compliance burden for citizens and companies.
ALSO READ: Rohit Pawar seeks Civil Aviation Minister's removal till probe into Ajit Pawar crash ends
The participants appreciated the predictable policy and macroeconomic environment in India and acknowledged the reform efforts and momentum by the government, the Ministry said.
The CEO of National Investment and Infrastructure Fund (NIIF) made a presentation highlighting India's growth and reform story and the potential and scope of investment opportunities between the two countries across key sectors.
The roundtable covered deliberations around the existing and potential opportunities for business and investment cooperation across key sectors, including renewables, carbon capture, rare earths, and financial services.
Separately, Sitharaman met Norway Prime Minister Jonas Gahr Store, who said that the country is looking forward to the visit of Prime Minister Narendra Modi scheduled for later in the year and conveyed his confidence that it would further expand India-Norway cooperation.
Store appreciated India's reform momentum and said that Norway and India can collaborate in the sectors of fisheries, health tech, maritime and space.
The two leaders discussed EFTA and TEPA operationalisation and outlined key areas of collaboration between the two countries, including in areas related to high-tech manufacturing, carbon capture storage, start-ups, semiconductors, renewable energy, and waste management, among others.
India-EFTA Trade and Economic Partnership Agreement (TEPA) came into effect on October 1, 2025, while India and the U.K., in July 2025, signed the Comprehensive Economic and Trade Agreement (CETA).
In January this year, India and the EU concluded negotiations for a historic free trade agreement (FTA). Earlier this month, India and the US agreed to an interim trade deal.
Sitharaman also met Norway's Minister for Trade & Industry, Cecilie Mysreth and Even Tronstad Sagebakken, State Secretary, Fisheries and Ocean Policy, in Oslo.
The leaders discussed ways of forging deeper cooperation and exploring mutual opportunities in the areas of green tech, rare earth processing, maritime and shipping industries, and fisheries, among others, especially in the context of the India-EFTA TEPA deal.
Sitharaman said the effective operationalisation of TEPA will foster mutual benefits for both sides and that she looked forward to the timely operationalisation of the same, the Finance Ministry said.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Nine of family killed as car falls into well in Nashik district
Nashik (PTI): Nine members of a family, including six children, were killed after their car fell into a well in Maharashtra's Nashik district, police said on Saturday.
The accident occurred in the Shivaji Nagar area of Dindori town around 10 pm on Friday, an official said.
The victims were heading home after attending a function at a banquet hall in the area when their car fell into a well near the venue, he said.
Personnel from the local police and emergency services arrived at the scene and retrieved the car and its occupants with the help of two cranes and swimmers around midnight.
The victims were members of the Dargude family from Indore village in Dindori taluka, the official said.
According to the police, the deceased were identified as Sunil Dattu Dargude (32), his wife Reshma, Asha Anil Dargude (32), and six children from the family, five girls in the age group of seven to 14 years and an 11-year-old boy.
Their bodies were brought to the government hospital in Dindori, the official said, adding that a case has been registered and a probe is underway to ascertain the cause of the accident.
