Monaco Marine Conference, let’s discover additional details about it!

Main Highlights

Marine Spatial Planning (MSP): India seeks to enhance Marine Spatial Planning (MSP) along its coastline, strengthening its position in sustainable ocean stewardship.

MSP is a science-driven structure for maximizing ocean resources, safeguarding biodiversity, and supporting coastal communities, as part of the Indo-Norwegian Integrated Ocean and Research Initiative.

It has produced noticeable results, especially via pilot initiatives in Puducherry and Lakshadweep.

India-Norway Marine Agreement: Both countries highlighted the significance of collaborative research in polar science and ocean sustainability.

Enhancing joint efforts in maritime planning, Arctic studies, and ocean sustainability.

Norway, where 70% of exports come from its maritime sector, is acknowledged as an expert in the Ocean Economy.

SAHAV Portal: A decision support system based on GIS, acknowledged as a Digital Public Good.

It was launched to commemorate World Ocean Day (i.e. 8th June).

India-Norway Ties

India and Norway have upheld a warm and amicable relationship since 1947, founded on common principles such as democracy, human rights, and the rule of law.

Political and Diplomatic Involvement:

2014: It enhanced collaboration in Earth Sciences, Culture, Defence, and Scientific Research.

2019: This resulted in the establishment of the India-Norway Ocean Dialogue, strengthening maritime cooperation.

India-Nordic Summit (2022): It emphasized blue economy, renewable energy, green hydrogen, and eco-friendly shipping.

Exchange and Investment:

In March 2025, Norway's shipments to India rose by 48% compared to the previous year. Main exports from Norway consist of non-ferrous metals (such as raw nickel), chemical substances, and metal ores.

The recent signing of the TEPA (Trade and Economic Partnership Agreement) between India and EFTA in March 2024 marks a crucial milestone, anticipated to enhance trade and investment relations between India and Norway.