Southern States - Karnataka-Bangalore   

Norway for greater business cooperation

By Our Special Correspondent

BANGALORE Dec. 11. The Norwegian Ambassador in India, Truls Hanevold, has called for strengthening business cooperation between the two countries.

Addressing members of the Greater Mysore Chamber of Industry (GMCI) here today, Mr. Hanevold said that India had a favourable balance of trade with Norway, and there was scope for further strengthening business ties.

He called upon captains of the industry to explore joint ventures in areas such as software, telecom, and paper.

Mr. Hanevold said there was bright scope for starting joint ventures and having technical collaboration with companies in Karnataka, particularly those in Bangalore. Norwegian companies were interested in joint ventures in information technology and biotechnology companies in Bangalore.

He said there was also scope for joint ventures in deep-sea oil exploration and hydel power generation. The Commercial Counsellor of Norway in New Delhi, Theis Ulriksen, explained the opportunities for Indian companies choosing to have tie-ups with Norwegian firms.

Mr. Hanevold and Mr. Ulriksen are here to explore the possibility of investment and business opportunities.

In his welcome address, the GMCI President, Harbans Thukral, said Norway was the world's second largest exporter of oil and gas, and one of the wealthiest countries.

He said Norway's industrial sector had a traditional focus on shipping, forestry, and hydropower.

Mr. Thukral said there were 62 Indo-Norwegian cooperative ventures in India of which 22 joint ventures were in the southern region.

He said many Indian industries had immensely benefited from the Institutional Cooperation Programme funded under the Norwegian Development Assistance Programme.

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