India Invites Norway For Big Investment Push In Shipbuilding And Green Energy Sectors
At Norway-India Business And Research Summit In Oslo, PM Modi Highlights India’s push to scale up shipbuilding as a strategic manufacturing sector and invites global partners to expand investment. He says nearly 10% of Norway’s ships are already built in India and sets an ambitious target to raise it to 25% in the next five years. The Prime Minister also underlines India’s rapid growth in clean energy, including a 500 GW renewable energy target and expansion in green hydrogen production by 2030. He invites Norway’s wealth fund and companies to participate in India’s clean energy transition, while emphasizing reforms aimed at improving ease of doing business and boosting manufacturing competitiveness.