Sweden opened its Embassy in New Delhi in Nov 1959. Since then, the bilateral relationship between the two countries has blossomed at the economic, military, energy, technology, automotive and political levels. There are 260+ Swedish companies in India: one in every state and 75 Indian companies in Sweden.

    • 10th India-Sweden Innovation Day: Dr Jitendra Singh, Union Minister of State (Independent Charge) Science & Technology, Atomic Energy and Space addressed the the 10th " India-Sweden Innovation Day" and highlighted the 75th anniversary of the diplomatic relations and Fifth anniversary of the Sweden-India Joint Declaration on Innovation Partnership for a Sustainable Future. The meet was attended by Mr Andreas Carlson, Minister of Infrastructure, Government of Sweden. 

    • This year the Indian External Affair Minister attended the EU Indo-Pacific Ministerial Forum (EIPMF) held in Stockholm. In 2022, there have been four ministerial interactions- JCSEIC chaired by HCIM Piyush Goyal and Minister for International Development Cooperation and Foreign Trade, Foreign Ministers (Munich in Feb 2022); Environment Ministers (Nairobi in Mar 2022); Aviation & Infrastructure Ministers (Virtual in Mar 2022).

    • Heads of State of all Nordic countries (Finland, Norway, Sweden, Denmark, Iceland) interacted with Hon’ble PM Narendra Modi.

    • A high-level bilateral discussion was held on 25th April, 2022, between Hon’ble CIM Shri Piyush Goyal and Ms Anna Hallberg, Swedish Minister of Foreign Trade and Nordic Affairs. Discussions surrounded the ongoing situation between Russia-Ukraine, the upcoming Joint Commission for Economic, Industrial and Scientific Cooperation (JCEC) and India Sweden Business Leader Roundtable (ISBLRT), EU-FTA negotiations, Indo-Nordic Patent Prosecution Highways, MoU on Civil Aviation, India’s 75th Independence Day celebrations, and a roadmap for the next 25 years as both countries approach 100 years of Independence.   

    • Joint funding call on Circular Economy: The Intsam group (Vinnova, Swedish Research Council, Swedish Energy Agency, Formas and Forte) and India’s Department of Biotechnology (DBT), Department of Science and Technology (DST) and Ministry of Earth Sciences (MoES) have come together for a new joint call on circular economy to drive cross-sectoral research on circular economy. The call was announced in 2021 by Minister Dr Jitendra Singh at the India-Sweden Innovation Day. The joint call is planned to open on 3rd May.   

    • Letter of Agreement between STINT and Science and Engineering Research Board (SERB, an autonomous body of DST) on researcher mobility exchange has been signed.  

      India-Sweden joint global initiative to set up a Leadership Group on Industry Transition (LeadIT) in Sept 2019 at the UN Climate Action Summit to help guide the world’s heaviest greenhouse gas (GHG) emitting industries towards the low-carbon economy. Its membership has now grown to 35 with 16 countries and 19 companies.

    • Sweden is the 21st largest investor in India, with cumulative FDI inflows of $2.51 Bn during Apr 2000 to Mar 2024. The sectors attracting the most FDI from Sweden are Automobile, Industrial Machinery, Engineering, Electrical Equipments and Metallurgical Industries.  

    • Bilateral trade between the two countries has been growing steadily and reached $5.5 Bn in 2022.

    • India-Sweden trade overview: Bilateral trade between India and Sweden has increased by 8% since 2022-23. Total trade is $2.6 Bn.

      • Exports to Sweden (2022-23): $0.96 Bn
      • Imports from Sweden(2022-23): $1.72 Bn 

       

    • Top 5 exports to Sweden are:

      • Nuclear Reactors and Machinery
      • Apparel and Clothing Accessories
      • Vehicles other than Railway or Tramway tolling stock
      • Machinery and Electrical Appliances
      • Textiles. 
    • Top 5 imports from Sweden are:

      • Iron and Steel 
      • Nuclear Reactors and Parts
      • Wood and Paper Pulp
      • Machinery and Electricals
      • Vehicles other than Railway or Tramway stops. 
    • There are over 250+ Swedish companies operating in India, creating indirect employment of 1.2 Mn people in India. This is testament to the strength of Indo-Sweden Association. 

    • India is Sweden’s 19th largest export market and third largest trade partner after China and Japan in Asia. The main items of Indian exports are garments, textiles, chemical products, food products, and semi manufactured and manufactured goods. 

    • Business Survey Report:  

      • 190 Swedish companies in India participated in the survey 
      • Companies are more positive now than in 2019 or 2020
      • 8 out of 10 companies foresee increased turnover in the coming 12 months 
      • 1 out of 2 companies indicate growing investment plans this year 
      • 3 out of 10 companies consider India to be competitive/ very competitive in global value chains 
      • 60 companies manufactured in India 
      • 3 out of 4 companies produce for domestic & export markets 
      • 7 out of 10 are positive about the ambition of the Aatmanirbhar Bharat (Make in India 2.0) programme 
    • The Indian Diaspora in Sweden is estimated to be over 60,000 which includes around 42,000 Indian nationals. Most of them are professionals, predominantly in the IT sector. There is a large number of Indian researchers and students in Sweden. There are an estimated 1500 Indian students in Sweden. So far, around 18,000 Swedish nationals have been issued OCI cards. There are several Indian Cultural Associations in Sweden based in Stockholm, Gothenburg, Uppsala, Lund, and Umeå, among others.  

    • Indian classical arts, especially music and dance, are widely appreciated in Sweden. Yoga (and also Ayurveda) are popular among the Swedes. International Yoga day 2023 was celebrated in Stockholm, Linkoping, Vastras and Riga. Officials from Sweden attended the Yoga Utsav in India. A day long Ayurveda Seminar was organised in Feb 2022 where around 70 Ayurveda practitioners from Sweden joined. Around 20,000 Swedish tourists are estimated to have visited India in 2019.

    • There are ongoing research linkages between academic institutions and universities between India and Sweden. Some of these include KTH (Royal Institute of Technology), Karlstad University, Uppsala University, Blekinge Institute of Technology, Linkoping University on the Swedish side and IIT Chennai, IIT Guwahati, Vellore Institute of Technology, Central University of Gujarat, Gandhinagar and BHU Varanasi. 

    • Academic Chairs on Indian studies have been established in the past at prominent Swedish Universities – Lund, Gothenburg and Uppsala. 

    • A popular annual cultural event ‘Namaste Stockholm’ is supported by the Embassy of India. It is estimated that the event attracts around 15,000-20,000 visitors. The event exposes Indian culture to Swedish people through dance performances, music, food, and culture from India.

    • Indian Women's Football team visited Sweden in Oct 2021 to play friendly matches with Swedish teams. The Indian team has a Swedish coach.

Prominent Investments

Sweden in India

Astra Pharmaceuticals

AstraZeneca India was established in 1979 and is headquartered in Bengaluru, Karnataka. AstraZeneca Pharma India Limited (AZPIL) is the operating ...Read more

Volvo

In India, Volvo sells under the brands of Volvo, Eicher and SDLG. Their product portfolio includes Volvo Trucks, Volvo Buses, Volvo Construction ...Read more

IKEA

IKEA has so far opened three big format Ikea stores that are operational in Hyderabad, Navi Mumbai and Bengaluru. The furniture retailer has been ...Read more

Tetra Pak

Tetra Pak India started operations in 1987 and being the first carton packaging company at that time brought many opportunities. It has partnered ...Read more

Ericsson

Ericsson was the 1st telecom company to Make in India in 1994. In India, Ericsson has offices in Ahmedabad, Coimbatore, Guwahati, Patna and 8 other ...Read more

India in Sweden

Larsen & Toubro Infotech

L&T Technology Services has been the engineering partner of choice for several major brands in the Nordic region for over a decade. LTTS has ...Read more

HCL Technologies

HCL’s presence in the Nordics as a leading global technology company has grown from strength to strength since its arrival in 2007. Most recently ...Read more

Wipro Technologies

The Nordic region has been a key market for Wipro since 1999 when it started its engineering and product R&D collaboration with two of the world’ ...Read more

Tech Mahindra

Tech Mahindra began operating in Sweden in 2006 and has since established strong relationships with over 15+ Clients in various Industries. These ...Read more

Tata Consultancy Services

TCS has been working with leading businesses in Sweden across multiple industries, since 1990. It has also been selected by Coop Sweden as a ...Read more
  • Renewable Energy

    Renewable Energy

    • #2

      Highest installed wind capacity in Asia

    • #4

      Solar Power Capacity Globally

    • #4

      Largest Renewable energy capacity Globally

      • As of Oct 2023, 50 solar parks sanctioned with a cumulative capacity of 37.49 GW in 12 states
      • The 30-GW renewable energy park at Kutch, Gujarat is billed as the largest of its kind in the world 
    Visit Sector 499Investible Projects
  • Automobile

    Automobile & Auto-Components

    • #3

      Largest Automotive Market

    • #4

      Largest car manufacturing country

      • India aims to double its auto industry size to INR 15 Lakh Cr by the end of 2024
      • One of the  largest Two-wheeler manufacturing countries
    Visit Sector 3Investible Projects
  • Electronic Systems

    Electronic Systems

    • #2

      Largest mobile phone producer

    • 16.6%

      Projected CAGR of the Sector during 2020-25

    • #1

      Fastest-growing smartphone market in the Asia-Pacific

      • Electronic manufacturing and exports sector is expected to reach $300 Bn by 2025-26
      • Opportunities across electronics, technology and telecom sectors to reach $1 Tn by 2024
    Visit Sector 11Investible Projects
  • Pharmaceuticals

    Pharmaceuticals

    • #1

      Largest vaccine producer in the world

    • #3

      Largest market in terms of volume

    • 20%

      Global supply of generics

      • Expected to reach $65 Bn by 2024, and 130 Bn by 2030
      • Leader in Global supply of DPT, BCG, and Measles Vaccine and accounts for 60% of global vaccine production.
    Visit Sector 7Investible Projects
  • Agriculture

    Agriculture

    • #1

      India is the largest producer of spices, pulses, milk, tea, cashew and jute globally

    • 2nd 

      Largest producer of Bamboo in the World

    • #1

      Largest producer of banana and papaya

      • India’s agricultural exports amount to $53.1 Bn (2022-23) 
      • Production of maize in the country during 2022-23 is estimated at a record 32.47 Mn Tonnes
    Visit Sector 76Investible Projects

Investible Projects

Explore Opportunities

  •  
    Projects

    6521

  •  
    Opportunity

    $ 396.94 bn

  •  
    Promoters

    2573

  •  
    District

    714

  •  
    Private Projects

    100

  •  
    Govt. Projects

    6098

Recent Investments

Saab to set up missile plant in India

Saab to set up missile plant in India

Defence company Saab has received clearance from India’s government to build a new missile facility in the country to produce the latest generation of the Carl-Gustaf M4 rockets system. The investment will cost INR 5 Bn  and will be India’s first foreign direct investment (FDI) project in the defence sector entirely financed and developed by a foreign company.

IKEA

Ikea invests additional INR 600 Cr in India business

Ikea invests additional INR 600 Cr in India business, as part of the INR 10,500 Cr investment plan. The company already pumped in INR 850 Cr into the India business earlier this year. 

Sand

Hindustan Zinc signs MoU with Sandvik to introduce BEVs in underground mining

Hindustan Zinc has signed a Memorandum of Understanding (MoU) with Sandvik AB to introduce battery powered loaders and trucks in underground mining.

Autoliv

Autoliv acquired 51.27 Acres of land in Chheyar, SIPCOT, Tamil Nadu

Autoliv acquired 51.27 Acres of land in Chheyar, SIPCOT, Tamil Nadu under the Tamil Nadu Industrial Policy, investing INR 100 Cr, creating jobs for over 400 people

Sweden Team

One-stop-shop for exploring and materializing your India entry plans. Working closely with the Union Ministries, States and regulatory authorities, we bring to you a seamless experience in kick-starting your India business.

Key Functions: 

  • End-to-end spectrum of investment promotion – research, outreach, promotion, facilitation and aftercare
  • Initiating, attracting, facilitating, fast-tracking and handholding Swedish investments across sectors
  • Providing information on investment opportunities across sectors, in specific projects and industrial corridors
  • Extending holistic support to the small and medium enterprises from Sweden with India's interest

Team Advantages

  • Investment facilitation

    Investment facilitation

  • Opportunity assessment

    Opportunity assessment

  • Policy advisory

    Policy advisory

  • Market entry strategy

    Market entry strategy

  • Approvals and compliance advisory

    Approvals and compliance advisory

  • Issue redressal support

    Issue redressal support

  • Expansion advisory

    Expansion advisory

  • Policy impact analysis

    Policy impact analysis

About Us

Invest India

The one stop-shop to ensure your success in India

Our Prestigious Awards

We are the most awarded IPA in the world

  • The World's Most Innovative Investment Promotion Agency Award 2021 awarded by OCO Global

  • United Nations Conference on Trade and Development (UNCTAD) Investment Promotion Award 2020 for best practices in COVID response

  • Best Investment Project Award five years in a row - 2016 to 2020 at the Annual Investment Meeting (AIM) organized by the Ministry of Economy, UAE.

  • Great Place to Work Certification by GPTW Survey 2019

  • The UNCTAD Award 2018 for promoting investment in sustainable development

  • Great Place to Work Certification by GPTW Survey 2018

  • Investment Award 2016 from the Indian Ocean Rim Association (IORA)

  • United Nations Conference on Trade and Development (UNCTAD) Investment Promotion Award 2016 for excellence in partnering for investment promotion

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