Indian Industry

Country Profile

Norway
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Norway is working under the political framework of constitutional monarchy in the northern europe, which has occupied the western portion of the scandinavian peninsula. Sweden, finland and russia bordered the country. It has 25,148 km long coastline with the total area of 323,802 sq km. It is the NATO founding member. Norway has been placed on top position in the human development index of all the countries from 2001 to 2006. In 2007 it came down on second position. The Global Peace Index in 2007 rated the norway as the most peaceful nation of the world. On the basis of the Environment Performance Index 2008, norway has been placed on the 2nd position after switzerland. Home to around 4,644,457, the government has recorded 100% literacy rate in both male and female groups.

Snapshot

Official Name - Kingdom of Norway
Capital City - Oslo
Type of Government - Parliamentary Democracy under Constitutional Monarchy
Currency - Norwegian Krone
Fiscal Year - Calendar Year
Official Language(s) - Norwegian
Local Time - CET (UTC+1) & Summer CEST (UTC+2)
International Dialling Code - +47
Internet Domain - .no
Major Towns/Cities - Oslo, Minneapolis, Alesund, Roros, Saltdal, Bergen, Stavanger, Trondheim, Drammen, Moss
Major Industries - Petroleum and Gas, Food Processing, Shipbuilding, Pulp and Paper Products, Metals, Chemicals, Timber, Mining, Textiles, Fishing
Major Trading Partners - Germany, UK, Netherlands, Sweden, Denmark, China
Double Taxation Treaty with India - Yes



Economic Overview
  • World's major seafood exporter.
  • The economy is based on the free market capitalist model.
  • Highly enriched natural resources of petroleum, natural gas, iron ore, copper, lead, zinc, titanium, pyrites, nickel, fish, timber etc.
  • It is recognized in the 10 largest fishing countries.
  • Norway is the 3rd largest exporter of fish and fishery products.
  • After oil and gas, norway earns highest foreign exchange with the export of seafood.
  • Among the nordic countries, norway is known as the biggest fishery nation.
  • It is the leading atlantic salmon producer.
  • World's 9th largest oil exporter.
International Trade

Major Export Items
Petroleum and Petroleum Products, Machinery and Equipment, Metals, Chemicals, Ships, Fish

Main Destinations of Exports
UK, Germany, Netherlands, France, Sweden, USA

Major Import Items
Machinery and Equipment, Chemicals, Metals, Foodstuffs

Main Origins of Imports
Sweden, Germany, UK, Denmark, China, USA, Canada

Contacts of Trade Ministries/ Associations

ICC Norway Confederation of Norwegian Business and Industry The Norwegian Seafood Export Council
Drammensvn. 30
P.O. Box 2900
Solli - 0230 Oslo
Norway
Tel.: +(47)-(22)-541700
Fax: +(47)-(22)-561700
E-mail: post@iccnorge.no

27 Middelthunsgate
P.O. Box 5250 Majorstuen
N - 0303 Oslo
Norway
Tel.: +(47)-(23)-088000
Fax: +(47)-(23)-088001
E-mail: firmapost@nho.no

Skippergt. 35/39
N-9005 Tromsø
Norway
Tel.: +(47)-(77)-603333
Fax: +(47)-(77)-680012
E-mail: postmottak@nsec.dep.telemax.no

The Norwegian Stockfish Association Oslo Chamber of Commerce Department of Trade and Industry
P.O. Box 52 N-5001 Bergen
Norway
Tel.: +(47)-(55)-325940
Fax: +(47)-(55)-320861

Drammensveien 30
N-0255 Oslo
P.O. Box 2874 - Solli
N-0230 Oslo 2
Norway
Tel.: +(47)-(22)-22129400
Fax: +(47)-(22)-22129401
E-mail: chamber@online.no

Postboks 8014 Dep, 0030 Oslo
Norway
Tel.: +(47)-(22)-240125
Fax: +(47)-(22)-249525

Business Visa Rules
  • Visa will be issued for maximum 90 days.
  • For avoiding last minute rush applicant should made application well in advance. Usually 3 to 4 months are taken for processing the application from the stage of application submission.
  • After receiving visa application form along with the necessary documents, processing and evaluation of the same gets start.
  • Copy of the health insurance.
  • Invitation letter received from the company or business associate of the norway.
  • Complete visa application form with passport size photographs.
Business Hours

Offices:   Monday to Friday from 08:00 - 16:00
Banks:    Monday to Friday from 08:00 - 15:00

Public Holidays

Festival Date
New Year's Day January 01
Holy Thursday Date Varies
Good Friday Date Varies
Easter Monday Date Varies
May Day May 01
Ascension Date Varies
Constitution Day May 17
Whit Monday Date Varies
Christmas December 25-26
norway


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