India-Norway Blue Economy model focuses on post-Covid economy recovery

Investing in the Blue Economy can help enable nations to address Covid crisis, and make sure that the global community builds back better and greener. This was the key theme at the fourth India-Norway Task Force on Blue Economy that met on June 9.

The task force was chaired by Norwegian Ambassador to India, Hans Jacob Frydenlund and Ratan Watal, Member Secretary, Economic Advisory Council to the Prime Minister (EAC to PM).

“Blue Economy partnership is the cornerstone of the bilateral cooperation between India and Norway. Since the creation of the Task Force in 2019, our cooperation has expanded and deepened”, the Member Secretary, EAC to PM said at the Task Force meet.

The COVID-19 crisis has caused disruptions to ocean industries and coastal tourism globally, but the potential for growth and job creation is substantial. Investing in the Blue Economy now can help countries out of the crisis, and make sure that the global community builds back better and greener.

“The Indo-Norwegian Blue Economy partnership is already contributing to this. In the last year, Norwegian companies have entered into new contracts with Indian counterparts, creating jobs and enabling transfer of green technologies,” Frydenlund said on the occasion.