THEBUSINESSBYTES
BUREAU
NEW
DELHI, MAY 17, 2026
Prime Minister
Narendra Modi on Sunday interacted with select Swedish business leaders in the
presence of Her Royal Highness Crown Princess Victoria of Sweden and Swedish
Prime Minister Ulf Kristersson, underscoring the growing strategic and economic
partnership between India and Sweden.
During the
interaction, Prime Minister Modi highlighted that India and Sweden are
connected by shared values of democracy, transparency, innovation and
sustainability, which provide a strong foundation for an ambitious and
forward-looking economic partnership. He underlined that the India-Sweden
partnership today is not merely an economic relationship, but a partnership of
ideas, technology, innovation and co-creation.
The Prime Minister
welcomed the longstanding contribution of Swedish companies to India’s growth
and encouraged deeper collaboration in research, innovation, green transition
and manufacturing. He emphasised that India’s rapid economic transformation is
being driven by reforms, strong domestic demand, digital public infrastructure,
manufacturing expansion and next-generation infrastructure development.
Inviting Swedish
firms to expand their footprint in India, Prime Minister Modi highlighted
opportunities under flagship initiatives such as Make in India, the National
Green Hydrogen Mission and the National Critical Mineral Mission. He also
pointed to emerging opportunities in sectors including clean energy, defence,
semiconductors and advanced manufacturing.
The discussions focused on strengthening cooperation in resilient supply chains, green transition, sustainable mobility, life sciences and digital technologies. Prime Minister Modi stressed the importance of combining Sweden’s strengths in innovation and sustainability with India’s scale, talent and growth momentum to co-create solutions for the 21st century.
The interaction reflected the growing momentum in India-Sweden economic ties and the shared commitment of both countries to deepen collaboration in future-oriented sectors and sustainable industrial development.
