![\"bitcoins](\"https:\/\/img.etimg.com\/thumb\/msid-130337961,width-300,height-225,imgsize-88694,resizemode-75\/india-norway-review-trade-growth-explore-investment-opportunities.jpg\" "\\"bitcoins\\"")
IANS<\/span><\/figure>\n<\/div>\nNew Delhi: India and Norway explored sectoral cooperation across energy, maritime, pharmaceuticals and biotech, including discussions on oil and gas, offshore technologies, renewable energy, green hydrogen, low-carbon solutions, digitization of port operations, and sustainable shipping practices, the government said Friday.<\/p>\n
Norway, a member of the European Free Trade Association (EFTA), expressed its growing investment interest in India through Government Pension Fund Global and Norfund\u2019s investments in renewable energy projects.<\/p>\n
The issues were discussed during the third session of the India\u00e2\u20ac\u201cNorway Dialogue on Trade and Investment on April 16.<\/p>\n
<\/p>\n
They discussed the need to address certain trade and investment barriers to take full benefit of the Trade and Economic Partnership Agreement (TEPA) implemented in October last year<\/p>\n
The barriers, which were deliberated upon, include sanitary and phytosanitary measures, product registration and certification requirements, regulatory and policy frameworks, compliance costs, and issues relating to origin certification, through mutually agreed mechanisms.<\/p>\n
\u201cThey discussed the need to address certain trade and investment barriers…through mutually agreed mechanisms so that the benefits of the Agreement can be fully realised,\u201d the commerce and industry ministry said.<\/p>\n
<\/p>\n
Also Read <\/b>| India turns the tables on China: The great supply chain flip begins<\/a><\/p>\n Austria trade push<\/b><\/p>\n Separately, India and Austria signed and made operational a bilateral Fast-Track Mechanism, a dedicated platform for companies and investors on both sides to facilitate investments, address issues and ensure their timely resolution.<\/p>\n The mechanism was made operational at the India\u2013Austria Business Forum held on the occasion of the visit of Federal Chancellor of Austria Christian Stocker, the first official visit by an Austrian Chancellor to India in over four decades.<\/p>\n Stocker noted that trade has reached approximately \u20ac3 billion and that around 160 Austrian firms are operating in India.<\/p>\n Federal Minister of Economy, Energy and Tourism of Austria, Wolfgang Hattmannsdorfer, also participated in the forum. The Indian side was led by commerce and industry minister Piyush Goyal.<\/p>\n \u201cBoth sides expressed intent to expand bilateral trade beyond current levels and leverage complementarities in industrial capabilities, technology and innovation ecosystems,\u201d the ministry said.<\/p>\n