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NORWAY SCOUTS FOR INDIAN ALLIANCES IN OIL, GAS, SHIPPING.

AsiaPulse News

| April 02, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MUMBAI, April 2 Asia Pulse - Norway on Saturday offered to collaborate with India in oil, gas and shipping sectors, which have great potential for exploration.

"Indian companies are looking for oil and gas opportunities in Norway. We invite collaborations in sectors including shipping," Norwegian Finance Minister Kristin Halvorsen said here.

Information technology is yet another viable area of collaboration between the two countries, Department of Economic Affairs Joint Secretary Sanjay Krishna said here.

Referring to Norwegian pension funds, which the country invests abroad, including India, Halvorsen said: "These funds, which finance future imports, will see an increased investment in Asia in years to come."

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