Pioneering Sustainability: Indian-Norwegian solutions for sustainable growth

PHD

On March 20th, 2019, Ambassador Kamsvåg was invited to speak at the PHD Chamber of Commerce and Industry on the role of sustainability in Norwegian history and economic development.

“Over the decades, the Norwegian business community has had to solve a number of extraordinary challenges – for example, shipping in the Arctic climate, oil production on the seabed, and the sustainable management of substantial fish stocks. This is how we became a global player in the fields of oil and gas, shipping, and seafood.” said Ambassador Nils Ragnar Kamsvåg in his address.

The ocean has been Norway’s main mode of transport for thousands of years. Around year 1000: Vikings discovered the sea route to America. Since then, Norwegians have continuously improved forms of maritime transport. Seafaring heritage paved the way for the modern-day oil and gas nation. Hence, the oceans have been and still are of key importance to Norway.

The Ambassador highlighted how Norway has learnt the importance of the sustainable use of natural resources and how a close collaboration with India can enable a more sustainable future. “A very important lesson for Norwegians was the management of fish stocks. In the 1950’s we overfished and herring was almost eliminated from the ecosystem. We learned from this and implemented regulations and traditions for limiting fish catch to create sustainable fish stocks for future generations”. In 2017, Norway exported 2.6 million tonnes of seafood worth NOK 94.5 Billion in a sustainable way.

The round-table panel was also attended by the President of PHDCCI, Mr. Rajeew Talwar, Sr. Vice President, Mr. Damodar Krishnan Aggarwal, Vise President, Mr. Sanjay Aggarway and Immediate Former President, Mr. Anil Khaitan. Other attendees were former Presidents of the PHDCCI, elected members, special invitees, Mr. Helge Tryti, Director of Innovation Norway in India and the Norwegian Embassy.