Prime Minister Narendra Modi has invited Swedish companies to enhance their presence in India under initiatives such as Make In India, National Green Hydrogen Mission and National Critical Mineral Mission. During an interaction with selected Swedish CEOs in Gothenburg, Mr Modi made a strong pitch to Swedish companies to enhance their presence in India in manufacturing, the green hydrogen mission, clean energy and other sectors.
Emphasising that India and Sweden are connected by the shared values of democracy, transparency, innovation and sustainability, Mr Modi called for combining Sweden’s strengths in innovation and sustainability with India’s scale, talent and growth momentum. Highlighting India’s rapid economic transformation, Mr Modi mentioned strong domestic demand, digital public infrastructure, manufacturing expansion and next-generation infrastructure development in India.
The discussions also focused on strengthening cooperation in resilient supply chains, green transition, sustainable mobility, life sciences and digital technologies. Prime Minister underlined the importance of combining Sweden’s strengths in innovation and sustainability with India’s scale, talent and growth momentum to co-create solutions for the 21st century.
About India-Sweden relations, Mr Modi said both countries are working on developing a long-term industrial partnership beyond the buyer-seller relationship. In January, India and the European Union (EU) concluded the Free Trade Agreement (FTA). Prime Minister said, the FTA will provide opportunities for “industry, investors and innovators” and quoted the earlier comments by European Commission President Ursula von der Leyen, who had described the pact as the “mother of all deals”.
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