The trade and economic partnership agreement (TEPA) between India and the four-nation European Free Trade Association (EFTA) will double not just the number of Norwegian companies present in India, but is also likely to more than double the trade between India and Norway, Norwegian Ambassador to India May-Elin Stener told Moneycontrol.

“Currently, about 160 companies from Norway are doing business in India and are profitable. With the TEPA coming into force from October 1, this will double. More importantly, trade between the two countries could more than double in the coming decade due to this historic deal,” Stener said.

Through TEPA, she added, Norway is looking to invest in India apart from collaborating and sharing technology in sectors such as maritime and ship building; renewable

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