The Norwegian Business Association India (NBAI) proudly represented Norway at the prestigious World Trade Expo 2024, held in Mumbai and organized by the World Trade Center Mumbai. This significant event brought together diplomatic missions, trade organizations, and industry leaders from various countries, fostering dialogue and collaboration on global trade and investment opportunities.
One of the highlights of Norway’s presence at the expo was the participation of Maritime Montering India (Marinor India), one of NBAI’s esteemed member companies. Uday Natu, representing Marinor India, had the honor of sharing insights on their successful implementation of the ‘Make in India’ initiative. In a key discussion with H.E. Shri C.P. Radhakrishnan, Governor of Maharashtra. The exchange underscored the strong potential for Norwegian companies to actively support India’s economic growth and technological advancement.
In addition, Fredrik Bjerke Abdelmaguid, Deputy Head of Mission at the Royal Norwegian Consulate General in Mumbai, delivered an engaging presentation during Norway’s dedicated country session. His remarks highlighted the immense possibilities for collaboration between Norway and India, especially in light of the recently signed Trade and Economic Partnership Agreement (TEPA) between India and the EFTA countries, which includes Norway.
The TEPA will pave the way for enhanced economic engagement by reducing tariffs, simplifying trade regulations, and facilitating smoother market access between India and Norway. The mutual exchange of knowledge, innovation, and resources has the potential to drive significant economic growth for both nations across sectors such as maritime, renewable energy, technology, and more.
The World Trade Expo 2024 served as an ideal platform to reinforce the strong ties between Norway and India and demonstrated NBAI’s ongoing commitment to fostering economic partnerships and business opportunities. NBAI continues to support its members in navigating the Indian market and building connections that lead to sustainable growth and mutual benefit.
