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Swedish companies increase investments in India

Business Climate Survey is conducted annually among Swedish companies in India. 141 Swedish companies, currently operating in India, participated in the survey. The results demonstrate that eight out of ten companies invested in their Indian operations in 2015.

The Swedish Chamber of Commerce India in partnership with Embassy of Sweden in New Delhi, Consulate General in Mumbai and Business Sweden, brings to light the experience of doing business in India as perceived by the Swedish business community.   

-       Several of our large Swedish companies experienced growth in India during 2015, a development which opens up for smaller companies as well. At the same time significant reforms needs to be implemented in order to realise the full potential of the Indian economy, says Anna Liberg, Trade Commissioner to India.

 Prime Minister Modis new government has launched “Make in India” and last year 70 percent of Swedish manufacturing companies in India consider the country a hub, nationally and as a base for exports. In comparison 30 percent of the companies had the same opinion in the last survey. Swedish businesses are today directly creating 160,000 jobs in India as well as 1.1 million jobs indirectly. 

For additional information, contact:

Elisabeth Somp, Head of Media Relations at Business Sweden

T: +46(0)72-540 93 38 E: elisabeth.somp@business-sweden.se

Business Sweden’s purpose is to help every Swedish company to reach their full international potential and companies abroad to reach their full potential through investments in Sweden. We help our customers through strategic advice and hands-on support. Business Sweden is owned by the Swedish Government and the industry. Business Sweden was founded on the first of January, 2013, by a merger of the Swedish Trade Council (Exportrådet) and Invest Sweden.

05 April 2016