The visit was part of a tour of Telemark County in southern Norway organized by ‘InnovationNorway’ and the ‘Invest in Telemark’ initiative. Innovation Norway is responsible for
promoting Norwegian enterprises and innovation, both in Norway and around the world.
Invest in Telemark is a special three-year initiative designed to nurture economic growth
in the County, and to promote foreign investment.
Ambassador Tyagi said it had been an interesting experience for him to visit Telemark County,
a region which struck him as “one of the most beautiful in Norway.”
also commented: “I had a very pleasant meeting with Mr Terje Riis-Johansen, the Mayor
of Telemark, and interesting interactions with the CEOs of various companies such as EFD
Induction. I have no doubt at all that economic and commercial relations between India
and Norway will grow strongly in the years to come, given the huge unrealized potential that
exists in that regard. My visit to Telemark has not only been interesting but also extremely
useful and productive.”
For Terje Riis-Johansen, the Mayor of Telemark County, the visit underscores the importance
of the growing business links between Telemark and India, as well as other emerging
economies. “More people need to know about the concentration of industrial expertise—and
investment opportunities—that exist in Telemark,” commented Riis-Johansen. “We are, as
EFD Induction demonstrates, particularly strong in advanced manufacturing technologies.
For example, Telemark is a location for many companies in knowledge intensive sectors such
as offshore oil and gas extraction and distribution, chemicals, hydropower, metals processing
and green energy. Moreover, we actively support companies locating here, and are eager
to attract investments from India. ”
EFD Induction’s Indian manufacturing center was opened in Bangalore in 1995. The company
also has sales and service offices in Poona and Madras, two cities with large manufacturing
bases. Major customers include TATA, ZF, Alstom, GKN, Ashok Leyland, and Bhushan
Steel. The company currently employs 180 people, and its equipment has been installed
throughout Australasia and as far afield as Argentina, Slovakia and Mexico.