India-Norway Business Forum held in Mumbai
On 8 December 2024, in Mumbai, Maharashtra, the India-Norway Business Forum was held, with Commerce Minister Piyush Goyal proposing a startup bridge between the two countries.
Summary
On 8 December 2024, in Mumbai, Maharashtra, the India-Norway Business Forum was held, organised by the Confederation of Indian Industry (CII) with DPIIT. Commerce and Industry Minister Piyush Goyal chaired an open interaction and proposed launching a startup bridge between the two nations at the next ministerial meeting. DPIIT Joint Secretary Gurneet Tej said bilateral trade had reached USD 1.1 billion and Norway had emerged as India's 33rd largest investor, while Norway's Ambassador May-Elin Stener called TEPA a landmark and noted Norway's plans to ratify it by 2025.
Key facts
- Date / place
- 8 Dec 2024, Mumbai
- Organisers
- CII with DPIIT
- Proposal
- India-Norway startup bridge (Piyush Goyal)
- Bilateral trade
- USD 1.1 billion
- Norway's rank as investor
- 33rd
- TEPA
- Norway plans to ratify by 2025
Practice MCQs 3 questions
In which city was the India-Norway Business Forum held on 8 December 2024?
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Correct answer: C — Mumbai
PIB (8 Dec 2024): the India-Norway Business Forum was held in Mumbai, organised by CII in collaboration with DPIIT.
As stated at the India-Norway Business Forum on 8 December 2024, Norway is India's investor of which rank?
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Correct answer: D — 33rd
PIB (8 Dec 2024): DPIIT Joint Secretary Gurneet Tej highlighted bilateral trade of USD 1.1 billion and Norway emerging as India's 33rd largest investor.
Consider the following about the India-Norway Business Forum held on 8 December 2024: 1. Piyush Goyal proposed launching a startup bridge between India and Norway at the next ministerial meeting. 2. Norway's Ambassador said Norway had already ratified TEPA. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
Only statement 1 is correct. PIB (8 Dec 2024): Goyal proposed a startup bridge at the next ministerial meet; Norway's Ambassador noted Norway's plans to ratify TEPA by 2025, so it had not yet ratified it.