As a Business Council we have never been as busy as we are now. Sweden and India business relations continue to grow stronger on all levels. While previously global cooperates were in the driving seat, today we see the rise of midcaps, startups, scale-ups, and increased institutional cooperation, which together sets the pace for higher ambitions. SIBC gives our members the unique opportunity to have a front and centre seat in this vibrant and innovative space.
It will be important to further strengthen the start-up bridge between our countries. I had the great pleasure to visit India in November and meet with corporates to discuss and debate innovation and how to, from a strategic point of view, connect start-ups to their strategic agenda.
The governments have delivered their support to such a bridge, and have put bilateral agreements in place to open up cooperation with business allies. It is important to utilize these platforms and continue to build real business-to-business cases, with Swedish knowledge on successful unicorns, start-ups, clustering efficiency together with India’s speedy development in a well-developed start-up ecosystem and scability. Go-to-market strategies and speed to scale will continue to be important factors for success in the Indian marketplace. SIBC led a tech ecosystem delegation to India to understand the rapid movement in this space.
I was also very pleased to see the strength of the Sweden India Nobel Memorial week and the CEO Roundtable. I have personally had the pleasure of being part of inception group for this for 12 years ago, together with then Ambassador Lars-Olof Lindgren and other colleagues in the business.
This year’s CEO Roundtable agenda was focused on ‘Unleashing the power of the corporates +start-up cooperation’ with Ambassador Klas Molin. It was an excellent networking discussion, with new contacts and initiatives coming up with key stakeholders in the India Sweden business landscape.
SIBC is supporting a number of members that are working with market engagement in India. Support ranges from early stage due diligence to planning for production, sales and innovation into India. We are very pleased to continue to closely engage with all stakeholders in this process; governments, business leaders, and innovation start-ups, and to facilitate growth by sharing knowledge with engaged decision making together with SIBC’s strong network of experts.
We look forward to continuing this energy and activity and wish all our members and community a Happy New Year and a successful 2019!