Prime Minister Narendra Modi and his Swedish counterpart Stefan Lofven jointly inaugurated the Sweden Country Pavilion at the Make in India Week in Mumbai Saturday February 13,2016
Over 18 Swedish companies are participating in the mega event, where the theme of its pavilion is 'Smart Manufacturing'.
Some of the biggest Swedish participants include ABB, Atlas Copco, Camfil, Ericsson, Ikea, Saab, Sandvik, Scania, SKF, TetraPak and Volvo.
45 % of the Swedish companies directed their investments to Maharashtra and 85 % of them continue to invest in the State.
"For Sweden, which is striving to be an open innovation-driven economy, India is a natural partner and Maharashtra is one of the most important hubs," said Fredrika Ornbrant, Consul General of Sweden in Mumbai.
At the pavilion, the companies are displaying various innovations and products that they make in India and will also talk about how Sweden has been able to achieve its status as a high quality country through smart manufacturing
There are around 160 Swedish companies operating in the country employing 160,000 people directly and 1.1 million indirectly
"Swedish industry has always believed in India as a perfect trading partner-right from the time Ericsson laid the first cables in 1903 to the current times when our companies are looking to raise their investments and their manufacturing units here," Swedish Ambassador to India Harald Sandberg said.
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