India, Sweden further strengthen trade and innovation partnership
By yash chouhan 2025-06-14 13:14:52
India, Sweden Boost Trade & Innovation Ties Union Commerce and Industry Minister Piyush Goyal held several important meetings with senior members of the Swedish Government and industry leaders on his two-day official visit to Stockholm. The visit was aimed at further deepening bilateral economic ties, enhancing trade and investment flows, and exploring new avenues of cooperation in emerging sectors.
In his official interactions, Goyal met Benjamin Dousa, Minister of International Development Cooperation and Foreign Trade, and Hakan Jeverel, State Secretary for Foreign Trade. The discussions focused on expanding the scope of India-Sweden trade and investment partnership, facilitating sustainable industrial cooperation, and identifying key sectors 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 a roundtable discussion on strategic cooperation in innovation and research and strengthening the India-Sweden economic partnership. The meeting saw the participation of leading Swedish institutions including LeadIT, Vinnova, Swedish Energy Agency, Swedish National Space Agency, National Trade Board, Swedish Export Credit Agency, Business Sweden and Swedish Chamber of Commerce in India. The two sides underlined their shared commitment to pursue joint projects in green transition, advanced technologies and resilient supply chains, the Ministry of Commerce and Industry said in a press release.
Goyal also addressed the India-Sweden Business Leaders Roundtable, where he interacted with key members of the Swedish industry. He invited companies to expand their presence in India by taking advantage of the country's enabling regulatory environment, growing consumer base, skilled talent pool and well-developed industrial infrastructure. The roundtable served as a platform to strengthen private sector collaboration in clean energy, smart manufacturing, mobility, life sciences and digital technologies.
The minister participated in the India-Sweden High Level Trade and Investment Policy Forum at the Confederation of Swedish Enterprise. The forum brought together business leaders and policy-makers from both sides to discuss emerging trade frameworks and opportunities under the proposed India-EU Free Trade Agreement. Presentations were made by CII and the Confederation of Swedish Enterprise. CEOs of leading companies shared their views on enhancing value-chain partnerships, technology transfer and investment facilitation.
Several face-to-face meetings were held with Swedish companies from sectors such as automation, renewable energy, sustainable food systems, maritime technology and advanced materials. Many companies expressed strong confidence in the Indian economy and expressed their intention to increase their presence through new investments, capacity expansion and deeper localisation. Areas of support discussed included facilitating access to land, skill partnerships and fast-track clearances.
