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PM Modi woos Swedish cos to invest in India

Asserting that India's "reform express" is going at full speed, Prime Minister Narendra Modi on Sunday asked Swedish companies to enhance their presence in manufacturing, green hydrogen mission, clean energy and other sectors. Wooing European companies, Modi highlighted the potential in five broad areas, including telecom and digital infrastructure, and said they can help in making India a global R and D hub. He highlighted India’s young workforce, expanding middle class and improving ease of doing business as key advantages for global investors. PM Modi invited European firms to collaborate in sectors such as telecoms, digital infrastructure, healthcare, mobility and sustainable urban development, while positioning India as a global hub for research and development.

Modi attended a high-level meeting of the European Round Table for Industry (ERT) in Gothenburg. The event was attended by leading CEOs from major global firms across telecom, technology, energy, manufacturing, healthcare, and infrastructure sectors, including Ericsson, Nokia, Vodafone, Airbus, Shell, Volvo Group, SAP, Nestlé and others. It was co-hosted by Swedish Prime Minister Ulf Kristersson and European Commission President Ursula von der Leyen.


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