2 weeks ago
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Asserting that India’s “reform express” is going astatine afloat speed, Prime Minister Narendra Modi connected Sunday (May 17, 2026) asked Swedish companies to heighten their beingness successful manufacturing, greenish hydrogen mission, cleanable vigor and different sectors.
Wooing European companies, Mr. Modi highlighted the imaginable successful 5 wide areas, including telecom and integer infrastructure, and said they tin assistance successful making India a planetary probe and improvement hub.
Electronics, heavy tech manufacturing, AI, greenish energy, infrastructure, mobility, municipality transformation, healthcare and beingness subject are among the different areas wherever the Prime Minister sought collaboration.
On an authoritative sojourn to Sweden, Mr. Modi, addressing the European Round Table for Industry (ERT), stressed that determination are opportunities for each companies and assured that assorted steps, including an organization system, tin beryllium enactment successful spot for them to beryllium portion of India’s flagship projects successful the coming years.
The adjacent question of exertion innovation should beryllium co-created successful India, helium noted.
“In the past 12 years, India has been moving connected the basal mantra of reforms, performance, and transformation. And with the government’s governmental will, this Reform Express is moving guardant astatine afloat speed,” Mr. Modi said astatine the roundtable arsenic helium mentioned the country’s young population, expanding mediate people and infrastructure development.
Emphasising that India and Sweden are connected by the shared values of democracy, transparency, innovation and sustainability, Mr. Modi called for combining Sweden’s strengths successful innovation and sustainability with India’s scale, endowment and maturation momentum.
Prime Minister of Sweden Ulf Kristersson, President of the European Commission Ursula von der Leyen, elder European manufacture leaders, and representatives from starring European and Indian companies besides participated successful the roundtable hosted by the Volvo Group.
In his address, Mr. Modi welcomed the increasing momentum successful India-EU relations, including the palmy decision of negotiations of the landmark India-EU Free Trade Agreement (FTA).
He described the statement arsenic a transformative economical concern that would make caller opportunities successful trade, technology, manufacturing, services and resilient proviso chains.
“We person acceptable an ambitious and strategical docket astatine the level of governments... As Ursula von der Leyen had said, this is the parent of each deals. We are trying to instrumentality this arsenic soon arsenic possible,” helium said.
In January, India and the European Union (EU) concluded the FTA.
He besides noted that connectivity projects specified arsenic the India-Middle East-Europe Economic Corridor (IMEC) adhd caller worth to the India-Europe concern partnership.
Mr. Modi underlined that India contiguous represents 1 of the world’s astir charismatic destinations for investment, innovation and manufacturing.
He highlighted India’s accelerated economical growth, next-generation economical reforms, easiness of doing business, absorption connected governance, expanding integer nationalist infrastructure, vibrant manufacturing ecosystem, and rapidly transforming infrastructure sector.
Mr. Modi reiterated India’s imaginativeness of “Design for India, Make successful India and Export from India” and invited European companies to deepen their engagement with India arsenic a trusted and reliable economical partner.
He besides underlined the value of endowment mobility, acquisition and accomplishment partnerships betwixt India and Europe. He highlighted India’s young and skilled workforce arsenic a large spot for aboriginal planetary economical maturation and emphasised the request to deepen people-to-people ties and innovation partnerships.
The Prime Minister suggested holding the India-Europe CEOs Round-table annually and besides creating an India Desk astatine ERT.
The enactment provided an important level for exchanging views connected strengthening India-Europe economical and concern practice and reaffirmed the shared committedness of India and Europe to sustainable growth, technological collaboration and resilient planetary partnerships.
Mr. Modi, on with Crown Princess Victoria of Sweden and Mr. Kristersson, besides interacted with prime Swedish CEOs.
During the interaction, Mr. Modi highlighted that India and Sweden are connected by shared values of democracy, transparency, innovation and sustainability, which supply a beardown instauration for an ambitious and forward-looking economical partnership, said a merchandise issued by India’s outer affairs ministry.
He underlined that the India-Sweden concern contiguous is not simply an economical relationship, but a concern of ideas, technology, innovation and co-creation.
He welcomed the longstanding publication of Swedish companies to India’s maturation and encouraged deeper collaboration successful research, innovation, greenish modulation and manufacturing.
The Prime Minister invited Swedish companies to heighten their beingness successful India nether initiatives specified arsenic ‘Make In India’, the National Green Hydrogen Mission, and the National Critical Mineral Mission.
He besides talked astir expanding opportunities successful sectors including cleanable energy, defence, semiconductors and precocious manufacturing.
The discussions besides focused connected strengthening practice successful resilient proviso chains, greenish transition, sustainable mobility, beingness sciences and integer technologies.
Mr. Modi underlined the value of combining Sweden’s strengths successful innovation and sustainability with India’s scale, endowment and maturation momentum to co-create solutions for the 21st century, according to the release.
Regarding the relations betwixt India and Sweden, Mr. Modi highlighted that some countries are moving connected processing a semipermanent concern concern beyond the buyer-seller relationship.
