Latest news with #India-Sweden
Business Standard
2 days ago
- Business
- Business Standard
Piyush Goyal Advances India-Sweden Collaboration Through Comprehensive Government and Industry Dialogues
Union Minister of Commerce and Industry, Piyush Goyal has held a series of substantive engagements with senior members of the Swedish government and industry leaders on his two-day official visit to Stockholm. The visit aimed at further deepening the bilateral economic relationship, enhancing trade and investment flows, and exploring new avenues of cooperation in emerging sectors. In his official interactions, Goyal met with Benjamin Dousa, Minister for International Development Cooperation and Foreign Trade, and Håkan Jevrell, State Secretary for Foreign Trade. Discussions focused on expanding the scope of India-Sweden trade and investment partnership, facilitating sustainable industrial collaboration, and identifying key areas for technology and innovation-driven growth. The 21st session of the India-Sweden Joint Commission for Economic, Industrial and Scientific Cooperation was held during the visit. The agenda included strategic cooperation in innovation and research and a roundtable discussion on strengthening the India-Sweden economic partnership. The meeting witnessed participation from key Swedish institutions.
Time of India
2 days ago
- Business
- Time of India
Economic Relationship Between India And Sweden: Piyush Goyal Promotes Swedish Investment in India's Infrastructure and Manufacturing, ET Infra
Advt Commerce and Industry Minister Piyush Goyal on Wednesday said that enhanced business engagement will add further momentum to the growing Indian-Swedish bilateral the India-Sweden Business Leaders' Roundtable (ISBLRT) here, hosted by Marcus Wallenberg, Chair, Wallenberg Investments AB, the minister said India-Sweden cooperation will continue to drive innovation, entrepreneurship, and sustainable growth for a brighter future."Envisioned by the leadership of India and Sweden in 2016, ISBLRT has since emerged as a cornerstone platform for bringing together business leaders from both nations to foster collaboration in trade , innovation, and investment," the minister said in a post on X."Today's discussions were constructive and forward-looking. Emphasised the need to build partnerships grounded in shared innovation, technological progress, and mutual prosperity," he also had a "highly productive" meeting with Benjamin Dousa, Minister for International Development Cooperation and Foreign Trade, and Hakan Jevrell, State Secretary for Foreign Trade, Sweden."We discussed strengthening collaboration across sectors like clean energy digital technology , climate, healthcare and life sciences, and skill development, among others," the Commerce Minister invited greater Swedish participation in India's growing infrastructure and manufacturing sectors "Looking forward to unlocking new chapters of cooperation," said Union Minister arrived in Stockholm for a three-day official visit to Sweden, after concluding a highly successful two-day visit to Switzerland."Eager to engage with Sweden's leadership, business community, and key stakeholders to explore new opportunities and strengthen our longstanding ties," Goyal posted on social media platform over 280 Swedish companies in India and more than 80 Indian companies in Sweden, "the potential for collaboration is immense", he Sweden visit is aimed at reinforcing the existing robust economic relationship and identifying new opportunities for growth, which are aligned with India's long-term economic objectives and global partnerships.
India Gazette
3 days ago
- Business
- India Gazette
"Discussions were constructive and forward-looking," Piyush Goyal expresses satisfaction on meetings in Sweden
Stockholm [Sweden], June 12 (ANI): Union Commerce and Industry Minister Piyush Goyal expressed satisfaction after attending a series of business events during his visit to Sweden, adding that discussions were constructive and forward-looking. After arriving in Sweden after concluding his successful trip to Switzerland, Union Commerce and Industry Minister addressed the India-Sweden Business Leaders' Roundtable (ISBLRT) lunch, hosted by Marcus Wallenberg, Chair of Wallenberg Investments AB. His visit reinforces India's commitment to strengthening bilateral economic ties with Sweden. Recalling the establishment ISBLRT in a post on social media platform X, he added that the entity was envisioned in 2016 by the leadership of both nations. Goyal said the platform has evolved into a vital forum for advancing trade, innovation, and investment collaboration. He called for deeper partnerships rooted in shared innovation, technological progress, and mutual prosperity, and said enhanced business engagement would further accelerate Indo-Swedish ties. Later, Goyal co-chaired the concluding session of the Indo-Swedish Joint Commission for Economic, Industrial and Scientific Cooperation with Swedish Minister for International Development Cooperation and Foreign Trade, Benjamin Dousa. He underlined that the exchange of capital, talent, and technology continues to form the backbone of India-Sweden economic relations, adding that science, innovation, and technology remain among the most vibrant areas of cooperation between the two countries. 'It was a pleasure to address the India-Sweden Business Leaders' Roundtable (ISBLRT) lunch, hosted by Marcus Wallenberg, Chair, Wallenberg Investments AB,' he added in the post on X. 'Addressed the concluding session at the Ministerial meeting of the Indo-Swedish Joint Commission for Economic, Industrial and Scientific Cooperation along with Benjamin Dousa, Minister for International Development Cooperation and Foreign Trade, Sweden,' Goyal added in the post. In another meeting, Goyal met Mattias Perjos, President & CEO of Getinge, a global medtech company with a presence in India. 'Discussed opportunities to boost manufacturing under the Make In India initiative and strengthen collaboration in medical technology,' Goyal added. Attending India-Sweden Business Delegation meetings in Stockholm, Union Minister Goyal said, India and Sweden complement each other. Inviting the business community to invest in India, Goyal further added, 'We would like to invite all the distinguished business leaders of Sweden to come to India to experience our country. I am sure this tested partnership can really grow beyond the frontiers of what we have achieved so far.' Goyal said India is not only the largest and fastest-growing economy, but it will continue to grow for the next 20-30 years. He highlighted that India has one of the lowest inflation rates and strong forex reserves. Citing the favourable business ecosystem, he appealed to the investor community to make investments in India. (ANI)
India Gazette
3 days ago
- Business
- India Gazette
India-EU FTA will be a great enabler, says Goyal; pitches for stronger economic ties with Sweden
Stockholm [Sweden], June 11 (ANI): The proposed India-European Union Free Trade Agreement (FTA) will be a great enabler, Union Commerce and Industry Minister Piyush Goyal has said, adding that India will be able to offer greater opportunities for Sweden. Attending India-Sweden Business Delegation meetings in Stockholm, Union Minister Goyal said, India and Sweden complement each other. 'The India-EU Free Trade Agreement is clearly going to be a great enabler... We do hope to be able to offer you a better pathway and greater opportunities in the future... I can assure you that we are making good progress and are deeply committed to strengthening this partnership, working together.' The Minister also highlighted India's growth prospects. 'Today, amongst all the investment opportunities available anywhere in the world, I dare say the market of 1.4 billion aspirational Indians can beat any other opportunity. When 1.4 billion Indians take one step forward, our country takes 1.4 billion steps forward. That is the spirit in which the Indian growth story is powering on,' said Goyal. Inviting the business community to invest in India, Goyal further added, 'We would like to invite all the distinguished business leaders of Sweden to come to India to experience our country. I am sure this tested partnership can really grow beyond the frontiers of what we have achieved so far.' With over 280 Swedish companies in India and 80+ Indian companies in Sweden, the potential for collaboration is immense. H said the proposed India-EU FTA has huge potential. 'There's huge potential awaiting all of us. We complement each other. Sweden and India, working as friends, as trusted partners, can transform the Indian economy; the Indian growth story can support the Swedish plans for the future.' Goyal said India is not only the largest and fastest-growing economy but it will continue to grow for the next 20-30 years. He highlighted that India has one of the lowest inflation rates and strong forex reserves. Citing the favourable business ecosystem, he appealed to the investor community to make investments in India. Goyal reached Sweden after finishing his two-day official visit to Switzerland. Apart from other engagements, he will engage with the Indian diaspora and address media interactions, further strengthening the people-to-people connections and communicating the vision for the India-Sweden partnership. (ANI)
Hans India
3 days ago
- Business
- Hans India
Piyush Goyal begins Sweden visit to identify new opportunities for trade growth
New Delhi: Commerce and Industry Minister Piyush Goyal on Wednesday began his official visit to Sweden, aimed at reinforcing the existing robust economic relationship and identifying new opportunities for growth which are aligned with India's long-term economic objectives and global partnerships. The Union Minister's Sweden visit comes after a successful two-day official visit to Switzerland, which focused on advancing India–Switzerland economic cooperation and operationalising the Trade and Economic Partnership Agreement (TEPA) signed earlier this year between India and the European Free Trade Association (EFTA). In the second leg of the official tour, the minister will co-chair the 21st Session of the Indo-Swedish Joint Commission for Economic, Industrial, and Scientific Cooperation (JCEISC) with Benjamin Dousa, Minister for International Development Cooperation and Foreign Trade. Goyal is also scheduled to hold bilateral meetings with Dousa and Hakan Jevrell, State Secretary to the Minister of Development Cooperation and Foreign Trade. These deliberations are aimed at reinforcing the existing robust economic relationship and identifying new opportunities for growth, aligning with India's long-term economic objectives and global partnerships, according to a statement from the Commerce Ministry. During the visit, key engagements will involve an India-Sweden Business Leaders' roundtable and one-on-one meetings with leading Swedish companies. These discussions will cover a wide range of industries where Sweden excels, including advanced manufacturing, innovation, green technologies, and sustainable solutions. Companies like Ericsson, Volvo Group, IKEA, Sandvik, Alfa Laval, and SAAB are among those with a significant presence or interest in enhancing ties with India. Minister Goyal will also engage with the Indian diaspora and address media interactions, further strengthening the people-to-people connections and communicating the vision for the India-Sweden partnership. According to the official statement, the visit reflects the deepening alignment of strategic priorities between India and its European partners, aiming to translate high-level commitments into sustainable economic partnerships that foster innovation, resilience, and shared growth. Earlier, the Minister engaged extensively with Swiss industry leaders across sectors, including biotech and pharma, healthcare, precision engineering, defence, and emerging technologies. As India charts its journey toward becoming a $5 trillion economy, this visit has set the tone for accelerated collaboration with innovation-driven, trusted partners like Switzerland, said the ministry.
