INDIA AT A GLANCE. (According to IMF, it will grow at 7.4% in 2018) Socio-Economic Progress

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1 INDIA AT A GLANCE One of the Oldest and Greatest Civilizations Population: 1.25 billion GDP: US $2.5 trillion, Per capita: US $1,989 6 th Largest Economy in the World (India s economy became the world s fastest growing major economy surpassing China) GDP (in terms of PPP): US $10,339 trillion, (3 rd in the world) GDP Growth: 7.2% (3 rd Quarter of ; (According to IMF, it will grow at 7.4% in 2018) Socio-Economic Progress

2 MAKE IN INDIA Launched: September 2014 (Over 65% increase in inflow of FDI to India after the launch of Make in India ) Vision: Manufacturing share of GDP to 25% Objective: Make In India the most preferred global manufacturing & design destination 25 focus sectors > 7000 procedure & policy revisions 2

3 SECTORS Auto $300 billion Auto Comp $115 billion Aviation $82 billion Biotech $100 billion Mining $80 billion Oil & Gas $110 billion Pharma $55 billion Chemicals $403 billion Construction $640 billion Defence $130 billion Capital Goods $112 billion Railways $142 billion Renewables $260 billion Roads $150 billion Electronics $400 billion Food Processing $320 billion IT / BPM $350 billion Leather $30 billion Textiles $223 billion Thermal Power $125 billion Tourism & Hospitality $419 billion Media & Entertainment $30 billion Wellness $7 billion Ports $150 billion Space $40 billion 3

4 WORLD BANK EoDB RANKING 2017 MAXIMUM JUMP BY ANY COUNTRY Resolving Insolvency From 136 to 103 Paying Taxes From 172 to 119 4

5 EASE OF DOING BUSINESS FDI POLICY 2016 Open Economy GOODS & SERVICES TAX Single Tax System IPR POLICY 2016 Promote innovation, strict enforcement & expedited process COMPANIES ACT 2015 Simplified Compliance PERMANENT RESIDENCY PRS for 10 years for investors ebiz PORTAL Single portal for company licensing & registration e-visa e-visa for 162 countries BANKRUPTCY CODE Time-bound Insolvency Process 5

6 OCEAN INDUSTRIES - BACKGROUND Oceans 72% of Surface Key resource of Economic Development Blue Economy Smart, Sustainable and Inclusive Growth Fisheries & Aquaculture

7 MARITIME RICH MARITIME HERITAGE NEW INITATIVES; 100% FOREIGN DIRECT INVESTMENT ALLOWED 105 NEW INLAND WATERWAYS SAGARMALA PROJECT (Many shades of a blue economy constructing ports, augmenting coastal infrastructure, developing inland waterways, intensifying fishing and creating special economic zones and tourism promotion)

8 NORWEGIAN OPPORTUNITIES IN INDIA S MARITIME SECTOR EQUIPMENT SUPPLIES LIQUEFIED NATURAL GAS (LNG) SHIP DESIGN SUSTAINABILITY AND SAFETY PORT MODERNIZATION MODERNIZATION OF VESSELS

9 SEAFOOD FLOURISHING SECTOR GROWTH RATE 4.5% 10% OF GLOBAL FISH DIVERSITY SECOND LARGEST IN AQUACULTURE MAJOR PRODUCTION: CARP AND SHRIMPS

10 NORWEGIAN OPPORTUNITIES IN INDIA S SEAFOOD SECTOR JOINT WORKING GROUP (JWG) MARINE ESTABLISHED IN 2013 NORWEGIAN AQUACULTURE TECHNOLOGIES AUTOMATION SUPPLY OF QUALITY SEEDS VACCINATION POST-HARVEST TECHNOLOGIES

11 NORWEGIAN OPPORTUNITIES IN INDIA S SEAFOOD SECTOR IMMENSE STOCK AT SEA NOT BEING HARVESTED MODERNIZATION OF FISHING VESSELS CONSTRUCTION OF CAGE FARMS India interested to partner with Norway for KRILL FISHING IN ANTARCTICA INNOVATION NORWAY CAN PLAY AN IMPORTANT ROLE

12 OIL & GAS 635 million metric Tonnes (MMT) of proven oil reserves (2P) 54 trillion cubic Feet of proven natural gas reserves 96 trillion cubic Feet of estimated Shale gas reserve Third largest consumer of crude oil and petroleum products in the world and second largest refiner in Asia 60% of the prognosticated reserves of 28,000 MMT are yet to be harnessed

13 NORWEGIAN OPPORTUNITIES IN INDIA S OIL & GAS SECTOR Deep Water Offshore Collaboration Shallow Water Exploration Safety Preparedness Enhanced Oil Recovery Marginal Field Development Shale Gas Coal Bed Methane

14 RENEWABLE ENERGY Fifth largest power generation portfolio in the world Renewable energy contribution stands at GW which includes GW of Wind power and GW of Solar Fourth largest installed capacity of wind power Third largest installed capacity of concentrated solar power (CSP) Renewable energy contributes 14.7% of the total installed capacity Ambitious target of 175 GW of renewable power by 2022 (100 GW of Solar, 60 GW from Wind, 10 GW from biomass power and 5 GW from small hydro power)

15 NORWEGIAN OPPORTUNITIES IN INDIA S RENEWABLE ENERGY SECTOR Engineering solutions & modernization of hydropower Development of Solar Projects Engineering solutions & modernization of wind power Power transmission

16 THERMAL POWER Growing Demand in Indian Energy Market Driver for Coal demand in Global Context Expected Coal Consumption of 149 Million Tons of Coal Equivalents (Mtce) by GW of Coal Projects expected added by 2025 Cleaner Coal Strong Focus on Transition from Coal to Renewable Energy

17 INFORMATION TECHNOLOGY 100% FDI $350b* (2025) *NASSCOM Infocity, Gandhinagar Chandigarh Magarpatta, Pune ITPL, Bengaluru SEZ Major IT Parks Noida SEZ Millennium IT City Park, Kolkata Hyderabad HITEC City SIPCOT IT Park Chennai SEZ #1 #3 IT Sourcing Destination Startup Ecosystem GROWTH DRIVERS National Optic Fibre Network for 250,000 villages (90,000) 1 bn internet users by 2022 (462 million) 7 million direct jobs by 2025 (4 million direct / 13 million indirect)

18 DEFENCE PRODUCTION World s 3 rd Largest Armed Forces 8 th Largest Defence Spender 14% of Global Arms Import 49% FDI Allowed in Defence Sector Aims to increase Manufacturing share in India from 15% to 25% Indian Defence Budget 2.4% of GDP (USD 65.4 billion by 2020 and USD 100 billion in a few years)

19 RAILWAY One of the world s largest rail networks Busiest network in world trains run on Indian Track daily Passenger trains account for almost Almost 55% of reservations are through online

20 TUNNELLING One of the fastest growing markets for tunnel construction Gained momentum in last few years Major investments envisaged Projects are owned by the government/public authorities Funding is mostly by the government or multilateral agencies Norwegian tunnelling technology may be useful for India An MoU between Norwegian Geotechnical Institute and Rail Vikas Nigam Limited is under active consideration in the field of geotechnical tunnel engineering

21 BIOTECHNOLOGY 100% FDI $100b (2025) #1 World s largest cultivator of BT Cotton #1 producer of Hepatitis B vaccine recombinant 3rd Highest with Biotech companies in Asia 12 Among top Biotech destinations in the world #1 In Growth of Transgeneric crops 21

22 PHARMACEUTICALS 100% FDI $55b 10%+ 20% % Global Production Volume Global Generics USFDA approved manufacturing sites Manufacturing cost saving vs. US / EU GROWTH DRIVERS National Increasing Optic awareness Fibre Network / for 250,000 availability villages (90,000) US$1,592 1 bn internet Per Capita users by Income 2022 (2016) from (462 million) US$461 (2001) Rising chronic ailments 22

23 PHARMACEUTICALS Segment Revenue Estimates, 2016 ($Billion) Overview 100% FDI $55b Active Pharmaceutical Ingredients (API) Formulations 11,2 16,1 3 rd Largest Globally 1 st Exports by Volume 1 st 1 DMF Applications 2 nd 2 ANDAs Contract Research and Manufacturing Services (CRAMS) 8 1,000+ Companies Other 1,4 23

24 AUTOMOTIVE 100% FDI $300b (2026) Major Auto Clusters GROWTH DRIVERS National Optic Fibre Network 48 vehicles / 1000 by 2020 for 250,000 villages (32) (90,000) #2 Bus Manufacturer US$1,592 1 bn internet Per Capita users by Income 2022 (2016) from (462 million) US$461 (2001) #6 Car Manufacturer Delhi - NCR Gujarat - MP US$5 bn / year in automotive imports #2 2-wheeler Manufacturer Pune Chennai - Bengaluru 24

25 ELECTRIC VEHICLES Current EV Sales National Electric Mobility Mission Plan Goal Opportunity: US$ 200 billion* (2030) 20,000 (till March, 2017) Target: 6 mn (2020) All Electric Car Fleet by 2030 Faster Adoption & Manufacturing of (Hybrid &) Electric Vehicles Scheme (FAME) Policies to support market & manufacturing eco-system Demand-based incentives for purchase of Electric/Hybrid vehicles Current Players Players Entering Indian Market *Source: Navigant Research. Opportunity (2030) 25

26 INDIA-NORWAY ROADMAP SEAFOOD BIOECONOMY HIGHER EDUCATION

27 INDIA-NORWAY ROADMAP - SEAFOOD Partnership in Fish Farming and Sustainable Fisheries Norway - leading seafood exporter India seeks Norway s expertise Krill fishing and sustainable fisheries

28 INDIA-NORWAY ROADMAP - BIOECONOMY Norwegian Institute of Bioeconomy Research (NIBIO) One of the largest scientific institutes in Norway Cooperation with Indian institutes: Climate Change, Agriculture, Water Management and Bio-energy ClimaAdapt Project: (Focusing on Climate Change and Adaptation in Agriculture and Water Sectors in 3 States) Resilience Project: (Climate Change and Food Security)

29 INDIA-NORWAY ROADMAP HIGHER EDUCATION Cooperation on Higher Education Research Council of Norway (RCN) India one of the top 10 priority countries Priorities: Climate, Environment and Clean energy, Societal Development, Knowledge and Culture, Economic issues, Trade and Investments Relevant areas: Energy, ICT, Nanotechnology, Biotechnology in medical research

30 INDIA-NORWAY BILATERAL RELATIONS BILATERAL TRADE JOINT WORKING GROUPS INVESTMENT FDI BILATERAL COLLABORATIONS

31 INDIA-NORWAY BILATERAL RELATIONS Bilateral Trade Increased from USD million in to USD 1,127 million in Eight Joint Working Groups on Hydrocarbons, Marine Resources, Maritime Matters, Education, Local Governance, Environment, Culture, Science & Technology

32 Over 100 Norwegian companies engaged in India Several Indian IT majors are based in Norway. Besides IT companies, other Indian companies are based in Norway such as Aban Offshore, Siva Ventures and Tata Motors. INDIA-NORWAY BILATERAL RELATIONS Investment from Norway to India Portfolio investments grown from USD 2.85 billion in end-2009 to USD billion by end GPFG investments increased from USD 9.24 billion in 2015 to USD billion by end of 2017 Government of India has invited Norwegian participation in the National Investment and Infrastructure Funds of India

33 INDIA-NORWAY BILATERAL RELATIONS FDI India most attractive emerging market Private investments expected to grow by 8.8% in FY Cumulative FDI Equity Inflows : USD 367,932 million From Norway: USD million Bilateral Collaborations Hydrocarbons, Shipping, Fisheries, Agriculture, Higher Education, Arctic Research, Health, Renewable Energy, etc

34 INFRASTRUCTURE $ 1 trillion investments Roads 40 km / day (2017) Aviation 250 airports Railways $ 142 billion (400 stations, 6 DFCs) Ports $ 57 billion Sagarmala Project Inland Waterways 111 (To be developed) Logistics 35+ Logistics Parks Housing for All 110 million houses (20 million) Smart Cities 100+ smart cities Renewable Energy 175GW (Current: 58 GW) Industrial Corridors 5 Industrial Corridors 34

35 ICT IT-BPM sector accounts for largest share in total Indian services export (45%) IT-BPM sector accounts for 56% of the total global outsourcing market. 640 offshore development centers in more than 80 countries. Indian IT & BPM industry is expected to grow to USD 300 billion by 2020 IT - BPM sector constitutes ~ 9.3% of India's GDP IT-BPM is the largest private sector employer - delivering 3.7 million jobs

36 NORWEGIAN OPPORTUNITIES IN INDIA S ICT SECTOR Healthcare, Telemedicine and Pharmaceuticals Banking, Financial Services and Insurance (BFSI) Education Telecommunication Animation and Gaming Oil & Gas Manufacturing

37 SMART CITIES Rapid urbanization requires improved city infrastructure Govt. of India has initiated Smart City Project to convert 100 cities into Smarter Cities Core infrastructure of Smart Cities: Water, Electricity, Sanitation, Urban mobility, Housing, IT, Good governance, Sustainable Environment, Security, Health, Education

38 TOURISM

39 THANK YOU