Piyush Goyal Strengthens India–Sweden Ties via Govt-Industry Talks

13 Jun 2025 CW Team

As part of his official agenda, Goyal held meetings with Sweden’s Minister for International Development Cooperation and Foreign Trade, and the State Secretary for Foreign Trade. Discussions focused on expanding the India–Sweden 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–Sweden 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–Sweden Business Leaders’ Roundtable, interacting with industry leaders to encourage greater participation in India’s economy. He highlighted the country’s 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–Sweden 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–EU 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–India Business Council, attended by business leaders, policy-makers, and thought leaders. Goyal outlined India’s 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–Sweden strategic partnership and underscored a shared commitment to building future-ready, high-impact collaborations.

News source: PIB

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’s Minister for International Development Cooperation and Foreign Trade, and the State Secretary for Foreign Trade. Discussions focused on expanding the India–Sweden 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–Sweden 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–Sweden Business Leaders’ Roundtable, interacting with industry leaders to encourage greater participation in India’s economy. He highlighted the country’s 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–Sweden 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–EU 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–India Business Council, attended by business leaders, policy-makers, and thought leaders. Goyal outlined India’s 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–Sweden strategic partnership and underscored a shared commitment to building future-ready, high-impact collaborations. News source: PIB

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Equipment

10 Mar 2026

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

Equipment

10 Mar 2026

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..