Sweden wants to double trade & investments with India over next five years: Envoy

Sweden's ambassador to India, Jan Thesleff, is promoting investment through initiatives like a new five-year plan to double Swedish investment and job creation in India, in the backdrop of a Free Trade Agreement (FTA) with the EU. Sweden views India as a preferred investment destination, with Swedish companies actively expanding in India and focusing on manufacturing and innovation

Thesleff has emphasized strong business ties centered on innovation and the green transition, with over 280 Swedish companies operating in India and actively expanding their operations in sectors like manufacturing, digitalization, and research. The bilateral relationship focuses on strategic collaboration, with a goal to potentially triple trade and investment, and a strong alignment with India's "Make in India" initiative through local sourcing and full supply chain integration.

"We should double, and in fact triple the trade and investment between the two nations during the next five years,” according to Thesleff.

Sweden has a goal to double its investments and employment in India over the next five years, aiming to leverage the potential for better market access and business expansion,

According to Swedish Embassy numbers, over 280 Swedish companies currently operate in India, actively contributing to the country’s economic and sustainability goals. These companies employ over 220,000 people directly in India, with an additional 2.2 million people indirectly employed, particularly through investments in local manufacturing and sourcing.