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India-Sweden trade relations: Exploring investment opportunities in India

Updated : November 17, 2018 17:55:14 IST

CNBC- TV18’s Kritika Saxena is at Stockholm the capital city of Sweden. Stockholm is also the business capital of the country. She covers the India-Sweden Business day to commemorate the trade and business relations between both the countries and talk about the opportunities that lie ahead, what can be done, what hasn’t be done and what must be done.

Talking about Aditya Birla Domsjo’s Investment, Lars Winter, CEO of Aditya Birla Domsjo said, “The acquisition is 2011 was around USD 230 million and we have continued to re-invest what we are earning so we are trying to develop our business on sustainability basis for products that can be used for making textiles that are consumed in India of course to some extent.”

He further added, “We see growth in revenues, growth in the production and growth in volumes which is going to support the growth in revenues of course.”

Kritika Saxena also caught up with several other dignitaries to talk about the opportunities between India and Sweden.

Monika Kapil Mohta, Indian Ambassador said, “There is a joint vision statement that really lays out the direction that the relationship has to take in terms of business and industry which is really the spine of our ties. That joint vision statement has now seen, has now evolved into what is a joint innovation partnership declaration and a joint action plan where we have identified specific priority sectors where the two countries need to work together. Some of these sectors are digitization, sustainability, sustainable urban growth, circular economy models, smart transport solutions etc. are some of the strengths of Sweden that we would like to bring to India.”

Mats Agervi, CEO of Combient said, “Lot of companies are looking at India as fantastic market due to its scale, due to its growth but also a place in the world where you look for talent. Where you need to find partners so if I think about where we are today compared to what it was when I started it is not even comparable.”
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