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Swedish Prime Minister Stefan Löfven inaugurated the Swedish Pavilion at the Make in India summit, with Indian Prime Minister Narendra Modi, in Mumbai on February 13, 2016. Sweden is one of the three country pavilions at the Make in India expo being held from Feb 13-18, 2016.

. ‘The world’s eyes are now on India’ were Prime Minister Löfven’s speech at the Make In India summit. The strength of the delegation that travels with Prime Minister Löfven makes clear Sweden’s continued and increased interest in working with India, and making in India

The Swedish delegation was made up of ABB, Atlas Copco India, Ericsson India Pvt. Ltd., Ikea, Saab, Sandvik India Pvt. Ltd., Scania Commercial Vehicles, SKF, Tetra Pak, The Camfil Group, and Volvo Buses. All companies demonstrated their commitment to continue their India engagement;  In the presence of Prime Minister Löfven, Volvo launched their new hybrid buses. They later signed a Memorandum of Understanding with Thane Municipal Corporation for hybrid buses.

Marcus Wallenberg, Chairman, SEB, is confident about the increase in trade activities between India and Sweden in the coming future. Digital giant Ericsson will be a part of India’s Make in India mission. It is expanding its presence in India. Löfven visited the plant during his visit to India, and commented on Ericsson’s India base ‘would also serve as an export hub for the company’s exports in South East Asia, West Asia and Sub-Saharan Africa regions.’

Saab and India’s Kalyani group were part of the Make in India outputs and have signed a joint venture for the multi-billion dollar contract for short range surface to air missile and man-portable very short-range air defense (VSHORAD) programmes.

A Joint Statement, issued by the two countries had the countries agreeing on critical domestic and international affairs. Both sides ‘remain committed to the WTO and a transparent, fair and predictable global trade regime’ as well as ‘for forward movement in the Intergovernmental Negotiations on United Nations Security Council reform, and stressed their commitment to initiate text-based negotiations within the 70th Session of the UN General Assembly’

Prime Minister Löfven, chairman of the Swedish National Innovation Council, extended an invitation to an Indian delegation to visit Sweden for a bilateral Sweden-India Innovation Dialogue

 

Additional News Highlights

Volvo delivers first hybrid buses in India, to ply on Navi Mumbai roads

Löfven announces Sweden India Business Leaders Roundtable in response to Modi’s to forge partnerships

Swedish firms’ contribution to India will continue to grow

Sweden makes in India and participation will grow