India and Nordic Nations Elevate Ties to Strategic Partnership at 3rd India-Nordic Summit in Oslo

Key facts

• Prime Minister Narendra Modi attended the 3rd India-Nordic Summit in Oslo, Norway, alongside the Prime Ministers of Finland, Denmark, Iceland, Norway, and Sweden.
• The nations established a Strategic Partnership focused on Green Technology and Innovation, integrating India's talent pool with Iceland's geothermal energy and fisheries, Norway's Blue Economy and Arctic affairs, Sweden's advanced manufacturing and defence capabilities, Finland's telecommunications and digital technologies, and Denmark's cybersecurity and health-tech.
• The partnership aims to enhance linkages among universities, laboratories, and start-up ecosystems, while deepening cooperation in Arctic and polar research.
• India-Nordic trade in goods and services reached USD 19 billion in 2024, consisting of USD 9.4 billion in exports and USD 9.6 billion in imports.
• Economic cooperation is driven by the India-European Union (EU) Free Trade Agreement and the Trade and Economic Partnership Agreement with Norway, Iceland, and other European Free Trade Association (EFTA) nations since 2025.
• Over 700 Nordic companies operate in India, while 150 Indian companies are present in the Nordic region.
• Finland will host the next Nordic India Summit.