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PM Modi invites Nordic companies to invest in Sagarmala project

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Shri Vaibhavi Logistics

COPENHAGEN : Prime Minister Shri Narendra Modi on Wednesday invited Nordic companies to invest in the Blue Economy sector, including the Sagarmala project, and asked the sovereign wealth funds of the Nordic countries to invest in India.

As a part of the Sagarmala Programme, more than 800 projects at an estimated cost of around Rs 5.48 lakh crore have been identified for implementation. Sagarmala projects include projects from various categories such as modernisation of existing ports and terminals, new ports, terminals, inland waterways, lighthouse tourism, skill development, etc.

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.

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