FICCI inks pact with Innovation Norway on industrial coop

FICCI entered into a pact with its Norwegian govt-owned Innovation Norway to strengthen and diversify indus coop between firms in the 2 nations.

Updated: Sep 25, 2009, 21:04 PM IST

New Delhi: Industry body FICCI and today
entered into an agreement with its Norwegian government-owned
Innovation Norway to strengthen and diversify industrial
cooperation between firms in the two countries.

"The two organisations will ensure the implementation of
industrial cooperation agreements, creation of joint ventures,
transfer of know-how and technology, licence agreements and
investments on Indian and Norwegian territories," FICCI said
in a statement.

Under the pact, the two bodies will exchange information
on matters of reciprocal interest, including on economic
situation and trends, labour market statistics, legislation on
investments and incentives.

Innovation Norway promotes industrial development
profitable to both the business economy and Norway`s national
economy. Its core group of clients are Norwegian companies,
predominantly SMEs.

Bureau Report