Prime Minister Narendra Modi arrived in Oslo on Monday, May 18, 2026 [3], to attend the third India-Nordic Summit.
This visit signals a strategic effort to deepen economic ties between India and Northern Europe, focusing on high-tech innovation and sustainable energy. The summit aims to leverage Nordic expertise in green technology to support India's climate goals while expanding market access for Indian services.
Prime Minister Jonas Gahr Støre welcomed Modi at the Oslo Airport [1]. The two leaders are scheduled to meet for the formal summit on May 19, 2026 [2]. Discussions will center on cooperation in trade, technology, climate, and innovation [1].
A primary objective of the visit is the advancement of bilateral trade, specifically regarding the India-EFTA Economic Partnership [1]. This agreement is intended to streamline tariffs and investment flows between India and the European Free Trade Association members.
Economic data highlights the current scale of the relationship. Bilateral trade between India and Norway stood at approximately $2.73 billion in 2024 [1]. Both nations seek to increase this figure through new partnerships in the maritime and energy sectors, areas where Norway maintains global leadership.
Beyond trade, the summit will address joint initiatives in technological research and development. The Nordic countries have historically provided a model for social innovation and digitalization that India seeks to adapt for its own infrastructure projects [1].
“Bilateral trade between India and Norway stood at around $2.73 billion in 2024”
The engagement represents a pivot toward diversifying India's strategic partnerships in Europe. By focusing on the India-EFTA Economic Partnership, India is attempting to secure more stable investment channels and technology transfers in sectors critical to its transition to a green economy.
