Union Minister of Commerce and Industry, Piyush Goyal, engaged in multiple high-level meetings with senior officials of the Swedish government and business leaders during the first day of his official two-day visit to Stockholm. The objective of the visit was to strengthen bilateral economic ties, boost trade and investment flows, and explore collaboration in emerging sectors.
As part of his official agenda, Goyal held meetings with Sweden鈥檚 Minister for International Development Cooperation and Foreign Trade, and the State Secretary for Foreign Trade. Discussions focused on expanding the India鈥揝weden trade and investment relationship, encouraging sustainable industrial collaboration, and identifying areas of growth driven by innovation and technology.
During the visit, the 21st session of the India鈥揝weden Joint Commission for Economic, Industrial and Scientific Cooperation was convened. The session was co-chaired by senior representatives from both governments and included a roundtable discussion centred on enhancing economic cooperation. Several key Swedish institutions participated, including LeadIT, Vinnova, the Swedish Energy Agency, and the Swedish Chamber of Commerce in India. The discussions highlighted mutual interest in advancing joint initiatives in green transition, advanced technologies, and resilient supply chains.
Goyal also addressed the India鈥揝weden Business Leaders鈥� Roundtable, interacting with industry leaders to encourage greater participation in India鈥檚 economy. He highlighted the country鈥檚 conducive regulatory framework, expanding consumer market, skilled workforce, and robust industrial base. The dialogue promoted enhanced private-sector collaboration across clean energy, smart manufacturing, mobility, life sciences, and digital innovation.
Further, he participated in the India鈥揝weden High-Level Trade and Investment Policy Forum, hosted at the Confederation of Swedish Enterprise. The event brought together policy-makers and business leaders to discuss trade opportunities, including those under the proposed India鈥揈U Free Trade Agreement. Industry leaders presented their views on fostering value-chain partnerships, encouraging technology transfers, and easing investment procedures.
Several one-on-one meetings were also conducted with Swedish companies from sectors such as automation, renewable energy, sustainable food systems, maritime technology, and advanced materials. Many firms expressed strong confidence in the Indian market and indicated plans to expand their operations through fresh investments, localisation efforts, and capacity enhancements. Discussions also included support measures such as land access, skill development partnerships, and expedited clearances.
The day concluded with a Roundtable Reception co-hosted by the Embassy of India and the Sweden鈥揑ndia Business Council, attended by business leaders, policy-makers, and thought leaders. Goyal outlined India鈥檚 ambition to become a global hub for manufacturing and innovation, and called for deeper engagement with Sweden in areas like green technology, digital infrastructure, and innovation-driven development.
Overall, the engagements in Stockholm demonstrated the growing momentum in the India鈥揝weden strategic partnership and underscored a shared commitment to building future-ready, high-impact collaborations.聽
News source: PIB
