The Telegraph
Monday , January 12 , 2015

Make in India call in Sweden

Calcutta, Jan. 11: India Unlimited, a platform under the Indian embassy in Sweden, will explore the areas of improvement in economic co-operation between the two countries at a summit to be held in May in Sweden.

Infrastructure, defence, power, information technology, travel and tourism are the key sectors to be explored at the summit.

Foreign direct investment from Sweden stands at $70 million. While India export goods and services worth $732 million to Sweden, Swedish exports to India stand at $1.6 billion.

Sanjoo Malhotra, chief executive director of India Unlimited, said the summit would promote Prime Minister Narendra Modi's Make in India theme in Sweden.

"The new government urges investors not to look at India merely as a market. The Make In India programme represents an attitudinal shift in how India relates to investors. We believe this can create even bigger opportunities between Sweden and India," Malhotra said.

According to Malhotra, India's manufacturing infrastructure is poised to grow at a rapid pace with planned construction of smart cities, industrial clusters and economic corridors.

Malhotra said several programmes have started ahead of the summit, seeking to connect the businessmen, entrepreneurs, cultural and film personalities of both the countries.

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