Swedish Focus Asia Small and Medium Enterprises (SME) Delegation: Pursuing Expanded Indian Collaborations
Swedish Business Delegation Explores Opportunities in India
The Focus Asia SME Delegation, a group of Swedish small and medium enterprises (SMEs), recently visited India as part of an initiative by Business Sweden, the official Swedish Trade and Investment Council. The delegation, which included companies such as Skandia Elevator AB, APOCCA Automation Pte Ltd, and Bjorklunds Kafferosteri AB, among others, was in India to explore joint ventures in sustainable development and innovation.
The visit was significant, as it aimed to identify new opportunities for entering the Indian market and expanding operations. Over 280 Swedish companies are already actively contributing to India's economic growth and its transition towards a greener future, with more than 105 of these companies based in Maharashtra, Gujarat, and Goa.
During their stay, the delegates gained insights into the nuances of doing business in India, including regulatory frameworks and consumer behavior. The visit included meetings, panel discussions, institutional visits, and networking receptions with Swedish and Indian business leaders and industry experts.
In Mumbai, the delegation met with the Kalpataru Group to explore collaboration opportunities. They also visited IIT Bombay's SINE incubator, engaging with startups and exploring key areas of technological advancement and innovation in India.
The day concluded with a visit to the Federation of Indian Chambers of Commerce and Industry (FICCI) to gain insights into India's vast business potential. The delegation also attended the India SME Forum to network with sector-aligned Indian MSMEs.
The final phase of the visit saw the delegation exploring potential collaboration opportunities with L&T India. Swedish companies presented their global success stories and expressed interest in joint ventures and pilot projects with L&T India.
Business Sweden will continue to facilitate strategic partnerships and expand its presence in India's promising market. The visit of the Focus Asia SME Delegation reiterates the shared commitment of Sweden and India to innovation, green technologies, and inclusive growth.
Sweden's exports of goods to India increased by 16% from 2023 to 2024, underscoring the potential for further growth and collaboration between the two countries. The Focus Asia Program, which aims to help Swedish enterprises tap opportunities in the Asia-Pacific region, will undoubtedly continue to foster such partnerships in the future.
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