Trade between Sweden and India

Ericsson supplied its first manual switchboard to India in 1903, and in 1920, Swedish Match set up its first factory here. A number of Swedish multinational companies are investing and have manufacturing plants in India. ABB, Volvo Trucks, Astra Zeneca, Ericsson, Atlas Copco, Sandvik and SKF, just to name a few, have strong presence. In recent years, several of these companies have also established significant R&D operations in India. 

In 2011, some 140 Swedish companies had established operations in India. Trade between India and Sweden annually grows at a rate of approximately 20 percent. Textiles and garments make up the main part of Indian exports to Sweden, but manufactured goods, and in particular machinery, are rapidly gaining ground among Swedish imports from India. Indian service exports to Sweden are also growing, in particular in the field of computer and information services.

The Swedish Trade Council, which has locations in New Delhi as well as Bangalore, assist those interested in doing business with Swedish companies or has questions regarding Swedish exports. The Swedish Trade Council also works with Swedish companies seeking to establish a presence in India.