Prime Minister Narendra Modi urged Nordic corporations to engage in India’s Blue Economy sector, including the Sagarmala project, on Wednesday. He also asked Nordic sovereign wealth funds to invest in India. More than 800 projects worth roughly Rs 5.48 lakh crore have been identified for implementation as part of the Sagarmala Programme. Sagarmala projects cover a wide range of topics, including port and terminal modernisation, new ports and terminals, inland waterways, lighthouse tourism, skill development, and so on.
PM Modi made this pitch at the 2nd India-Nordic Summit. This summit saw the participation of Prime Minister Mette Frederiksen of Denmark, Prime Minister Katrin Jakobsdottir of Iceland, Prime Minister Jonas Gahr Store of Norway, Prime Minister Magdalena Andersson of Sweden, and Prime Minister Sanna Marin of Finland.
PM Modi and his counterparts from Nordic countries agreed to work together to fight and address climate change and protect the natural environment in accordance with the Paris Agreement.
The Summit provided an opportunity to review the progress of the India-Nordic relations since the 1st India-Nordic Summit, which was held in 2018 in Stockholm. “Discussions were held on multilateral cooperation in post-pandemic economic recovery, climate change, sustainable development, innovation, digitalization, and green and clean growth. Discussions were also held on cooperation in the maritime sector with a focus on sustainable ocean management. Prime Minister invited Nordic companies for investing in the Blue Economy sector, especially in India’s Sagarmala project,” the Ministry of External Affairs (MEA) said.
