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 mention a few, have strong presence in the country. In recent years, several of these companies have also established significant R&D operations in India. 

In 2005, imports from India to Sweden reached almost 400 million USD. The increase between 2004 and 2005 was a dramatic 27%.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 located in New Delhi is an excellent partner to assist those interested in doing business with Swedish companies. With its extensive network and experience in Swedish industry and commerce, the Trade Council can quickly identify the right suppliers for you. In addition, they provide quick and free of charge answers to questions you may have about Swedish exports. The Swedish Trade Council also works with Swedish companies seeking to establish a presence in India.

Recognizing the booming trade and investment opportunities between Sweden and India, the Swedish Trade Council will open its second office in Bangalore in June 2006.