Oslo witnessed a strong display of growing economic and strategic cooperation between India and the Nordic nations as PM Modi highlighted a sharp rise in trade and investment ties during the 3rd India-Nordic Summit in Norway’s capital. Addressing joint statements after the summit, PM Modi said investments from Nordic countries into India have increased by nearly 200 per cent over the past decade, while bilateral trade has grown almost fourfold.
The Prime Minister said the partnership between India and the Nordic region has gained significant momentum since the summit framework was created eight years ago. He noted that Nordic investment funds have become important contributors to India’s rapid economic growth and have also generated employment opportunities within Nordic economies.
“To provide energy and speed to our relations with Nordic countries, we formed this format eight years ago. I am delighted that in the last few years, we have seen special progress in our relations,” PM Modi said during his address.
Sharing my remarks during the joint press meet with leaders of Nordic nations. https://t.co/Kfpxw9AByU
— Narendra Modi (@narendramodi) May 19, 2026
He added that rapidly increasing trade and investment flows have strengthened India’s growth story while also playing a positive role in the economies of Nordic countries by creating thousands of jobs.
Focus On Sustainability And Innovation
The summit brought together leaders from Denmark, Finland, Iceland, Norway and Sweden, with discussions centred around sustainability, clean energy, innovation and emerging technologies. The talks reflected growing alignment between India’s expanding market and Nordic expertise in green transition models and sustainable infrastructure.
In a post on X following the summit, PM Modi said the meeting reflected the “growing depth and dynamism” of India’s partnership with the Nordic region. He stated that discussions focused on sustainability, innovation, clean energy and strengthening cooperation for a peaceful and prosperous future.
Participated in the 3rd India-Nordic Summit in Oslo, which reflected the growing depth and dynamism of India’s partnership with the Nordic region.
Our discussions focused on several aspects, including sustainability, innovation, clean energy, emerging technologies and… pic.twitter.com/4mk3YdTGxv
— Narendra Modi (@narendramodi) May 19, 2026
The Prime Minister underlined that India and the Nordic nations are connected through shared democratic values, trust and a commitment to human-centric development.
The Nordic region, which collectively represents an economy exceeding USD 1.9 trillion, is considered a global leader in renewable energy, clean technologies and sustainable economic systems. India’s engagement with the region is increasingly being viewed as strategically important for energy transition, resilient supply chains and technological collaboration.
The Ministry of External Affairs said the summit and bilateral engagements are expected to further strengthen trade and investment relations while also supporting progress on the proposed India-European Union Free Trade Agreement and the India-EFTA Trade and Economic Partnership Agreement.
Bilateral Meetings Strengthen Strategic Partnerships
Ahead of the summit proceedings, PM Modi held a series of bilateral meetings with leaders from Iceland, Finland and Denmark aimed at deepening cooperation across multiple sectors.
During his meeting with Iceland Prime Minister Kristrun Frostadottir, the two sides explored opportunities in renewable energy, carbon management, maritime cooperation and sustainable fishing practices. PM Modi praised Iceland’s achievements in the Blue Economy sector and expressed optimism that the India-EFTA Trade and Economic Partnership Agreement would boost trade and investment linkages.
Ég átti góðan fund með forsætisráðherra Íslands, Kristrúnu Frostadóttur. Indland metur mikils vináttu sína við Ísland. Við ræddum leiðir til að efla samstarf umræddra landa á hinum ýmsu sviðum eins og hreinni orku, sjávarútvegi, sjálfbærni, jarðhita, kolefnisföngun og geymslu, og… pic.twitter.com/PF665xzBpj
— Narendra Modi (@narendramodi) May 19, 2026
The Ministry of External Affairs said discussions with Iceland also covered digital technologies, innovation, Arctic cooperation and people-to-people ties, alongside regional and global developments.
PM Modi later met Finnish Prime Minister Petteri Orpo, with talks focusing on artificial intelligence, quantum technologies, 5G and 6G connectivity and circular economy initiatives. Both leaders also highlighted the importance of early implementation of the India-European Union Free Trade Agreement.
Delighted to meet the Prime Minister of Finland, Mr. Petteri Orpo. This year has witnessed extensive engagements as far as India and Finland are concerned. PM Orpo himself had come to India for the AI Impact Summit. Our meeting today is aimed at giving new energy to bilateral… pic.twitter.com/8GvixngCVk
— Narendra Modi (@narendramodi) May 19, 2026
In a separate meeting with Danish Prime Minister Mette Frederiksen, the leaders discussed expanding the existing green strategic partnership between India and Denmark, particularly in sustainability and digitalisation initiatives.
Havde et frugtbart møde med Mette Frederiksen i Oslo. Venskabet mellem Indien og Danmark har gjort bemærkelsesværdige fremskridt i de seneste år. Samarbejdet er blevet udvidet inden for sektorer som vandressourcer, ren energi, skibsfart og fødevareforarbejdning. De kommende år… pic.twitter.com/scr8s5vp7N
— Narendra Modi (@narendramodi) May 19, 2026
Norway Visit Marks Diplomatic Milestone
PM Modi arrived in Norway after completing engagements in Sweden as part of his five-nation tour covering the UAE, the Netherlands, Sweden, Norway and Italy from May 15 to 20.
The visit also carried diplomatic significance as it marked the first visit by an Indian Prime Minister to Norway in more than four decades. Former Prime Minister Indira Gandhi had visited the Scandinavian country in 1983.
The Ministry of External Affairs stated that the visit is expected to provide fresh momentum to India’s economic engagement with Nordic countries and help develop resilient supply chains through stronger regional partnerships.