Make in India: Sweden 2017, organized by the Department of Industrial Policy and Promotion in Stockholm, from October 12-13aims to enhance Indo-Swedish cooperation and explore new areas of partnership.
Minister of Commerce and Industry also met the Co-Chair India-Sweden Business Leaders’ Round Table (ISBLRT) and Chairman, SEB, Mr. Marcus Wallenberg and President SAAB, Mr. HakanBuskhe.
The Commerce & Industry Minister acknowledged the importance of the partnership with SAAB, a pioneer Swedish company in the Indian market.
SAAB expressed interest in introducing full scope for development of industrial systems, from design and engineering to production.
The importance of technological cooperation was highlighted with focus on creation of high-technology zones close to forward going universities.
SAAB representatives appreciated the successful GST introduction in India that has resulted in growth of domestic trade. Importance of fostering an EU-India Free Trade Agreement was discussed, given its potential to open borders and enable products to compete.
It was agreed that higher economic integration and interdependencies will help resolve global political issues.
The main highlight of the event was the second edition of the India-Sweden Business Leaders’ Roundtable (ISBLRT) which focused on cooperation between the two countries, progress update of four joint working groups (Digitization, Smart Cities, Defence and Security and Skill Development) and the work plan for the year to come.