The first official meeting of the India Sweden Business Leaders Roundtable (ISBLRT) has concluded in Delhi, on November 9th and was undertaken in the presence of Mr Mikael Damberg, Sweden’s Minister for Enterprise and Innovation. The meeting was chaired by Mr Marcus Wallenberg, Chairman, SEB and Mr Baba Kalyani, Chairman & MD, Bharat Forge Ltd.

The Business Leaders roundtable focused on four themes; Smart Cities, Skill India, Defence and Digitalisation. In each, clear synergies were discussed between the two countries, and business. All working groups were seen to be interconnected and mutually beneficial. Digitalisation discussions focused on India specific deployment, as well a need to focus on new skills development, for a post digital world. A proposal for setting up an Indo-Swedish Technical Training Institute was put forward during the discussion. The Smart Cities group focused on the need for fast paced growth and the increasing transparency of the marketplace to meet this need, as encapsulated within India’s Smart City Mission.

Clear deliverables were put on the table in all areas;

Sweden will develop smart city incubators with India. Platforms for delivery will be the smart city MoU between CII and the Association of Swedish Engineering Industries (Teknikföretagen). Cities will be identified and the Swedish Consortium partners will be responsible for design to delivery of smart city solutions and transparent procurement.

  • ICT and connected services will also play a strong part in Smart City development. The Smart City Labs will focus on developing integrated solutions with actors such as Ericsson, ABB, and Volvo.
  • Digitalisation will continue to shift the trajectory of the job market. With optimisation, new skills will be required. Swedish industries committed to the formation of joint labs for R&D in ICT literacy the coming years.

‘The objective of the Business Leaders’ Roundtable is to create a meeting place to share ideas’, said Mr Marcus Wallenberg. Mr Baba Kalyani shared this positive sentiment, ‘the day had serious discussion with clear action and outcomes. This is what we need.’

The Swedish Business Delegation also called on Shri Narendra Modi, Prime Minister of India. The delegation comprised the two Co-chairs of the India-Sweden Business Leaders’ Roundtable, Mr. Marcus Wallenberg and Mr. Baba Kalyani; select group of CEOs of Swedish companies, accompanied by Mr Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India; H.E. Mr. Harald Sandberg, Ambassador of Sweden to India; H.E. Ms. Monika Kapil Mohta, Ambassador designate of India to Sweden. Long term business opportunities for Swedish manufacturing in India across Defence sector, Renewable Energy, Electric Vehicles, Healthcare, Bio-Medical Devices among others came up for discussion during the interaction with the Prime Minister.

The constitution of the India Sweden Business Leaders’ Roundtable was announced through the Joint Statement of the Prime Minister of India, Narendra Modi and Prime Minister of Sweden, Stefan Löfven, during the latter’s visit to Make in India in February 2016. CII and the Sweden-India Business Council constitute the Secretariat of the Round Table.
Nov 9, 2016

New Delhi