In a significant diplomatic move, Sweden’s Minister for Foreign Affairs Maria Malmer Stenergard is set to embark on a two-day visit to India, focusing on key areas of security policy and trade. The trip, taking place from 17-18 March, will see Ms Malmer Stenergard participate in the Raisina Dialogue, an annual conference on geopolitics and geoeconomic challenges.
Annual Conference Brings Together Global Leaders
The Raisina Dialogue, held annually since 2016, brings together foreign and defence ministers from around the world to discuss pressing issues. This year’s edition promises to be just as engaging, with a diverse range of participants expected to share their perspectives on the rapidly changing global landscape.
Boosting Trade and Investment
Sweden’s Minister for Foreign Affairs emphasizes the importance of cooperation between nations in these uncertain times. “India is a key partner country for Sweden. In the current geopolitical situation, cooperation is more important than ever. We also share the common objective of the EU and India entering into a free trade agreement by the end of the year. This will pave the way for more trade and investment, which will create growth and jobs,” says Ms Malmer Stenergard.
Sweden and India have already established strong trade ties, with over 280 Swedish businesses active in the country. In 2024, Sweden’s exports to India totalled SEK 22 billion, a 17% increase from the previous year, while imports from India rose by 16% to SEK 13 billion.
New Trade Office Opens in Mumbai
As part of efforts to strengthen trade ties, Business Sweden is launching its third trade and investment promotion office in Mumbai. This new office marks a significant expansion of the Swedish presence in India, with existing offices already established in New Delhi and Bengaluru.
Ms Malmer Stenergard will be joined by CEO of Business Sweden Jan Larsson for an inauguration ceremony to launch the new trading office. The event highlights Sweden’s commitment to fostering greater trade and investment between the two nations.
Business Delegation Meets Indian Counterparts
During her visit, Ms Malmer Stenergard will also participate in a meeting between the Indian and Swedish business sectors within the framework of the India Sweden Business Leaders’ Roundtable. The Swedish delegation is led by Leif Johansson, former Non-Executive Chair of the Board at AstraZeneca and former CEO of Volvo.
This trip underscores the importance of international cooperation in driving growth and jobs. As global economic trends continue to evolve, it’s essential for nations like Sweden and India to work together to create a more prosperous future.
Conclusion
Sweden’s visit to India marks an exciting moment in the bilateral relationship between the two nations. By strengthening trade ties and cooperation on security policy, Sweden and India can create a brighter future for their citizens. As global leaders gather at the Raisina Dialogue, it remains to be seen what specific agreements or initiatives will emerge from this crucial diplomatic visit.