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Nordic-India Relations

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February 21, 2023

Why in news?

As Nordic countries are pioneers in green technologies, Nordics and India can together power the green transition the world needs.

Nordic & Scandinavian Region

  • Nordic Countries consists of
  1. Denmark
  2. Norway
  3. Sweden
  4. Finland
  5. Iceland
  •      Other regions include
  1. Faroe Islands
  2. Greenland
  3. Åland
  • Geographically, there are 3 Scandinavian countries (Denmark, Sweden, and Norway).
  • Culturally, there are 6 Scandinavian countries Denmark, Sweden, Norway, Iceland, Finland and The Faroe Islands.


What about India-Nordic Connect?

  • Areas of Cooperation - At the Nordic-India Summit held in Copenhagen in 2022, the Nordic countries and India agreed to intensify cooperation on digitalisation, renewable energy, maritime industries and the circular economy.
  • Trade - India has grown to become a priority country for Finland.
  • Finland opened a new Consulate General in Mumbai that will increase the number of Nordic representations in India’s commercial capital.
  • Finnish companies such as Nokia and Fortum see India as their largest growth market.
  • Trade between Norway and India has doubled in the last three years.
  • The Norwegian Sovereign Wealth Fund is likely to become one of India’s largest single foreign investors.
  • Both Norway and Finland have ongoing free trade agreement and investments negotiations (FTA) with India.
  • Finland, as a member of the European Union (EU), is a part of the EU-India FTA negotiations, and Norway is negotiating through the European Free Trade Association.
  • Strategic partnership - In 2020, India and Denmark elevated their relations to a Green Strategic Partnership to advance political cooperation, expand economic relations and green growth, create jobs and strengthen cooperation on addressing global challenges.
  • Environment - The Norwegian government has also recently established a new Climate Investment Fund for investment in renewables abroad, and almost Rs 1,500 crore have been invested so far in India.
  • Leadership for Industry Transition (LeadIT) that focuses on low carbon transition of the industrial sector was launched by Sweden and India at the UN Climate Action Summit, 2019.
  • As India takes rapid strides into a green, digital, and innovative future, Nordic countries such as Finland and Norway stand ready to share experiences and be a part of India’s transition.



  1. The Hindu | A Nordic-India connect to power a green transition
  2. WorldAtlas | Nordic Countries
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