India-Sweden Strategic Compass: A Bi-Monthly Newsletter; Vo.4: No.2, March-April 2025.
Giulia Saccone, Mariya Krupach, Toby Logan and Jagannath Panda
It has been heartening to note the concerted efforts aiming to strengthen economic and knowledge-based collaborations between Sweden and India. From the opening of Business Sweden’s third office in India to ‘Work in Sweden’ fairs to attract Indian tech professionals, there is greater understanding and cooperation and the growing people-to-people connections have only bolstered bilateral linkages. Meanwhile, the Tata AutoComp acquisition further strengthens the India-Sweden economic partnership, enhancing bilateral trade and investment, especially in sustainable manufacturing and advanced technologies.
Technology collaborations received special emphasis in the quarter as discussions at the Global Technology Summit and India Tech Trilateral Forums revolved around harnessing technology partnerships to unlock new avenues of growth. At the heart of this dialogue was a shared vision—to build a resilient digital ecosystem that not only cements India’s role as a global tech leader but also ensures that technological advancements bridge social divides, paving the way for a more inclusive and prosperous future for all.
The upcoming third India-Nordic Summit will only enhance cooperation in key areas, including trade, innovation, green transition, climate change, and blue economy, while also addressing international peace and security issues. The inaugural summit in Sweden in 2018 saw Nordic nations strongly backing India’s membership bid for the Nuclear Suppliers Group (NSG) and its candidature for a permanent seat in the UN Security Council, sentiments echoed by experts at ISDP’s recent India-Nordic Dialogue, held at the Embassy of India, Stockholm. Importantly, the India-Nordic Dialogue for Investments in Climate Action (INDICA) will officially launch on the sidelines of the 3rd India-Nordic Summit. This timely initiative aims to forge a dynamic and enduring alliance between India and the Nordic countries, focusing on accelerating climate investments in one of the world’s fastest-growing green economies. INDICA will serve as a dedicated platform for engagement between Nordic investors and Indian policymakers, project developers, and financial institutions.
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