From green tech to trade talks, India and Sweden explore deeper economic ties as Minister Goyal pitches India as a hub for innovation and investment in his two-day visit.
India’s Commerce and Industry Minister, Piyush Goyal, wrapped up a two-day visit to Sweden last week, with scheduled meetings aimed at boosting bilateral trade, investment, and cooperation in emerging technologies.
Goyal met with senior Swedish officials, including Benjamin Dousa, Minister for International Development Cooperation and Foreign Trade, and Håkan Jevrell, State Secretary for Foreign Trade.
Discussions centred on enhancing the India–Sweden economic partnership, with a particular focus on green technologies, innovation, and expanding industrial cooperation.
The 21st session of the India–Sweden Joint Commission on Economic, Industrial and Scientific Cooperation was a key part of the visit. The meeting, co-chaired by officials from both countries, brought together agencies like Vinnova, the Swedish Energy Agency, and Business Sweden. Discussions covered clean energy, supply chain resilience, and advanced tech cooperation.
Addressing the India–Sweden Business Leaders’ Roundtable, Goyal invited Swedish firms to expand their presence in India. He highlighted India’s pro-investment policies, skilled labour force, and large consumer base as major attractions for global businesses.
The minister also participated in the High-Level Trade and Investment Policy Forum at the Confederation of Swedish Enterprise, where leaders from both countries discussed prospects under the proposed India–EU Free Trade Agreement. Topics included value-chain partnerships and technology transfers.
Goyal held separate meetings with Swedish companies operating in sectors such as automation, renewable energy, and maritime technology. Several firms reportedly expressed confidence in the Indian market and indicated interest in new investments.
The visit concluded with a roundtable reception hosted by the Indian Embassy and the Sweden–India Business Council. In a post on social media platform X, Goyal described the partnership as “a model of how two diverse economies can create mutual benefit,” expressing hope that the talks would translate into “concrete opportunities.”
