PM Modi At Oslo Summit Issues Massive 25% Maritime Challenge To Norway | 5-Year Blueprint

PM Modi At Oslo Summit Issues Massive 25% Maritime Challenge To Norway | 5-Year Blueprint

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Business Today
  • Updated May 19, 2026 3:12 PM IST

A historic manufacturing push on global soil! Addressing the high-octane Norway-India Business and Research Summit at Oslo City Hall, Prime Minister Narendra Modi unveiled India's aggressive next-level manufacturing incentives. Highlighting the shipbuilding sector as a strategic crown jewel, PM Modi revealed that while nearly 10% of Norway's ships are currently built in India, the target is to rapidly scale this figure to an ambitious 25% over the next five years. Outlining an end-to-end ecosystem covering green shipping, MRO hubs, and strategic manufacturing clusters, Modi invited global investors to leverage India's political stability and bold policy momentum.

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