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'India-Sweden economic corridor positioned for robust expansion'

This optimistic outlook builds on the fact that Swedish companies invested a total of $2.5 bn in India over the last six years, highlighting the expanding economic corridor between the two nations

A container loaded on to the first Chinese container ship to depart after the inauguration of the China Pakistan Economic Corridor port in Gwadar, Pakistan on November 13. Courtesy: Reuters
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Around 70 Indian companies are currently present in Sweden, employing more than 7,000 people, with new entrants such as KPIT and UST Global adding momentum. Courtesy: Reuters

Anjali Singh Mumbai

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Business Sweden -- the Swedish Trade and Invest Council -- expects its investments in India to grow sharply over the next five years, potentially doubling from current levels. 
“India-Sweden economic corridor is set for a robust expansion,” Heinonen said. 
This optimistic outlook builds on the fact that Swedish companies invested a total of $2.5 billion in India over the last six years, highlighting the expanding economic corridor between the two nations. 
Swedish companies continue to expand in India as well led by Volvo, Ericsson, and IKEA with sustainability emerging as a major