“For The World’s Success, Necessary India Succeeds; Norway Sovereign Fund Investment Is $17 Billion”

NEW DELHI: Ambassador Hans Jacob Frydenlund, Norway’s Envoy to India in conversation with StratNews Global Associate Editor Amitabh P. Revi.

The “confidence in India’s economy is underscored by how big the investments of Norway’s Sovereign Fund are”, Ambassador Frydenlund says, “which translates to about $17 billion.” The Norwegian envoy specifies that “energy is the next chapter where we’re working to move forward our cooperation. Norway is the country with the highest level of electricity produced by renewables—97%. Norway is the country with the highest penetration of electric vehicles in the world. We have an almost 100-year history in what is now extremely important—green hydrogen. So we were able to come forward with the whole value chain.”

Watch this interview for more on Ambassador Frydenlund discussing “Europe’s trust that has disappeared from Putin’s Russia”, “NATO never having been stronger”, with Sweden and Finland applying for membership, the “frank discussion with India on different aspects” with “India in another strategic position than Norway”, the Nordic Summit, Prime Minister Narendra Modi’s meeting with his counterpart Jonas Gahr Støre this month, Foreign Minister Anniken Huitfeldt’s visit to India in April, cooperation on climate change, sustainable development, ocean management and the blue economy, Norway-based Greenstat’s renewable energy pilot project that will be launched in Karnataka, Indian specialists in Norway, the Indian research station Himadri in the Arctic in Norway’s Svalbard, cultural and linguistic ties and engagement between the two countries on Afghanistan and the Taliban regime.