India”s growth in defence sector present opportunities for Swedish firms: Prez


India”s growth and potential in defence sector present significant opportunities for Swedish companies to manufacture in India for domestic market and for exports, President Ram Nath Kovind said on Friday.

In his speech at the banquet hosted in honour of Swedish King King Carl XVI Gustaf and Queen Silvia at Rashtrapati Bhavan, the president said he was happy to note that India-Sweden bilateral trade and investment relations are gaining strength. He said that India sees Sweden as a key partner in its Make in India, Start-up India, Clean India, Digital India and Smart City programmes.

“Swedish companies have made significant investment in India. There is potential for them to do a lot more, especially in clean technologies, circular economy, water partnership and next generation infrastructure.

“India”s growth and potential in the defence sector also presents significant opportunities for Swedish companies to manufacture in India for the domestic market and for exports,” the president was quoted as saying in an official statement. Read more

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