Latest news with #InternationalDevelopmentCooperation
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.
Daily News Egypt
28-05-2025
- Business
- Daily News Egypt
Egypt, Sweden discuss advancing local electric bus manufacturing, sustainable transport
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with Johan Forssell, Swedish Minister for International Development Cooperation and Foreign Trade, to discuss expanding bilateral cooperation in the transport and industrial sectors. Swedish Ambassador to Cairo, Håkan Emsgård, also attended the meeting. Al-Wazir underscored the longstanding and robust relations between Egypt and Sweden, expressing a strong desire to deepen collaboration, particularly in enhancing road safety—an effort aligned with Egypt's extensive national infrastructure projects in roads and bridges. Minister Forssell, leading a delegation of Swedish institutions and companies, expressed Sweden's keen interest in investing in Egypt's industrial development. He affirmed Sweden's readiness to support Egypt through technology transfer, expertise sharing, and cooperation across various transport sectors, recognizing Egypt's strategic position as a gateway to Africa. A key focus of the meeting was Egypt's initiative to localize the manufacturing of electric buses as part of its broader environmental and industrial strategy. Al-Wazir noted that Swedish company Volvo already manufactures electric buses in Egypt for export to the UK and several European markets. The ministers also discussed collaboration on Egypt's Bus Rapid Transit (BRT) system. Plans include the joint production of 100 electric buses, the development of electric charging infrastructure for upcoming BRT phases, and the implementation of advanced control and monitoring systems. Al-Wazir welcomed Swedish support in rolling out BRT services in Alexandria and emphasized opportunities for collaboration with other Swedish companies in the fields of renewable energy and pharmaceutical innovation, such as AstraZeneca. During the meeting, Al-Wazir and Forssell, along with Ambassador Emsgård, witnessed the signing of a Letter of Intent between Egypt's Land Transport Regulatory Authority and the International Swedish Industry Council. The agreement outlines cooperation in public transport planning, capacity building, technical evaluations, and knowledge transfer—particularly for BRT projects. Both sides concluded the meeting by agreeing to establish a series of expert-level follow-up sessions to monitor the implementation of joint projects and explore additional opportunities for Swedish companies in Egypt's growing market.
