EDITORIAL 23 October
After months of preparation, the high level India Sweden Business Leaders’ Roundtable (ISBLRT) and the large Indian led Make in India Conference from 11-13 October, were both a success and attracted over 800 people resulting in thousands of business meetings, but it does not end here. It is the signal of a beginning of a new era in the Sweden-India bilateral relations. The sessions for Make in India ranged from talking with Startups, entrepreneurs, small and medium sized companies to the top CEO/Chairpersons and industrialists. There were nine government representatives, including Prime Minister Stefan Löfvén, who gave a great inaugural address at ISBLRT. From India there were 4 State Ministers of Industry, the Chief Minister of Maharashtra Devendra Fadnavis, and of course the Host of Make in India; Minister of Commerce and Industry, Suresh Prabhu. Running the show on the Indian side were the Department of Industrial Policy and Promotion, Confederation of Indian Industry and Invest India. SIBC were the unofficial partner on the Swedish side. Realising the extent of the interest from Swedish companies, plans expanded and more rooms were opened with large TV screens for broadcasting live (see the videos in the newsletter or on www.sibc.se). It was not only good, but it was particularly fun to see so many of our members present with several people from the same company. Thank you for taking the time and we hope you enjoyed it. Do please share your views and thoughts with us to firstname.lastname@example.org or on social media @sibctweets, Facebook and Linkedin.
It is clear that the interest to increase trade is there, and with the support of Invest India, SME’s can get even further support when establishing in India. A Memorandum of Understanding was signed for start-ups between Invest India and Founders Alliance, adding a structural component for these companies when looking at India, or at Sweden from India for that matter. SIBC will upload the contact details on our website shortly and support our members in the process as well.
It is now important that everyone follows up on new founded business contacts.
SIBC will of course keep the momentum going through send-outs and our own meetings as well. Remember that through your membership, SIBC can advise you at all levels through our council, and also put you in touch with people and organisations in India and Sweden to further facilitate your business with India. We are very grateful to CII and Invest India for their endless work and to DIPP for choosing Sweden as the first country to deploy ‘Make in India’. Finally, special thanks, to the Swedish Foreign Ministry and the Ministry for Enterprise and Innovation for their engagement and continuous support making the events successful.
Now its time to keep the travel between our countries, have dinners and spend time with your counterparts and form serious relationships.
“Business contacts are created through meetings, but relations are formed through culture”,
Sweden-India Business Council