India-Sweden Economic Partnership -

Where we are & the way ahead

January 29, 2013Klarabergsviadukten 70, WTC, Stockholm

Economic interests have emerged as the driver of the relationship in the recent years with the bilateral trade of over US$ 2.8 billion.

In 2011-2012,

India's exports stood at USD 825 million,Increase of 31% since the year before

Sweden's exports stood at USD 1992 millionIncrease of 23% since the year before

Values in US $ Millions

Country: SWEDEN

S.No. \Year 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012

1 EXPORT 544.19 566.69 476.63 627.73 825

2 %Growth 4.13 -15.89 31.7 31.43

3 India's Total Export 163,132.18 185,295.36 178,751.43 251,136.19 305,963.92

4 %Growth 13.59 -3.53 40.49 21.83

5 %Share 0.33 0.31 0.27 0.25 0.27

6 IMPORT 2,128.11 1,952.50 1,590.14 1,619.38 1,992.20

7 %Growth -8.25 -18.56 1.84 23.02

8 India's Total Import 251,654.01 303,696.31 288,372.88 369,769.13 489,319.49

9 %Growth 20.68 -5.05 28.23 32.33

10 %Share 0.85 0.64 0.55 0.44 0.41

11 TOTAL TRADE 2,672.31 2,519.18 2,066.76 2,247.11 2,817.21

12 %Growth -5.73 -17.96 8.73 25.37

13 India's Total Trade 414,786.19 488,991.67 467,124.31 620,905.32 795,283.41

14 %Growth 17.89 -4.47 32.92 28.08

15 %Share 0.64 0.52 0.44 0.36 0.35

16 TRADE BALANCE

17 India's Trade Balance -88,521.83 -118,400.95 -109,621.45 -118,632.94 -183,355.57

Note: The country's total imports (S.No.6) since 2000-2001 does not include import of Petroleum Products (27100093)

and Crude Oil (27090000) Source: DGFT, India

Sweden has attracted a number of Indian global industrial leaders like Aditya Birla Group, Bharat Forge, Tata Group and Wipro.

Indian pharma and biotech companies like Dr. Reddys, Biocon, Kemwell and Ranbaxy have formed collaborative relations in Sweden.

The arrival and rapid expansion of Indian companies in Sweden in the last five years has coincided with Sweden’s growing reputation as one of the most open and successful economies in Europe. More than 75 Indian companies currently operate in Sweden.

They employ 1700 people across activities ranging from R&D to manufacturing and distribution.

India’s corporate presence in Sweden is expected to increase in the next few years due to the growing international competitiveness of Indian firms and the potential for business alliances with innovative Swedish partners.

Sweden has a long history of trade and investments in India, in particular within manufacturing and telecom.

A number of Swedish multinational companies are investing and have manufacturing plants in India.

ABB, Volvo Trucks, Astra Zeneca, Ericsson, Atlas Copco, Sandvik, SKF and Scania just to name a few, have strong presence. In recent years, several of these companies have also established significant R&D operations in India.

Engineering sector dominates Swedish presence in India