Norway on Tuesday sought more predictability on investments in India, as a recent court order cancelling telecommunications licenses allotted to several companies and proposals on changing tax rules with retrospective effect have raised concerns among foreign investors.

Norwegian Trade and Industry Minister Trond Giske said he has taken up with Indian Finance Minister Pranab Mukherjee issues related to Norway-based Telenor ASA (TEL.OS)'s telecom operations in the South Asian nation.

Telenor, which has already invested about $3 billion in its India operations, is facing the risk of being stopped from providing services in the country. This follows a Supreme Court order to cancel 122 telecom licenses issued without auctions since January 2008 to several operators including Unitech Wireless Ltd., Telenor's joint venture with Unitech Ltd. (507878.BY). The order will come into effect June 2.

Norway also has "other companies that are looking for possibilities to invest in India, in infrastructure, in industries and services," Giske told reporters. They, however, need predictability on investments, he added.

-By Prasanta Sahu, Dow Jones Newswires; +91-9967586928; romit.guha@dowjones.com

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