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Goyal Secures Fresh Commitments to Deepen India-Sweden Economic Partnership

Goyal’s visit has set the stage for urgent EU free trade talks following commitments on emerging sector collaboration.

(Photo courtesy Commerce Minister Goyal X handle)
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Overview

  • Piyush Goyal and Swedish officials co-chaired the 21st India–Sweden Joint Commission, committing to deeper collaboration in clean energy, digital technology, life sciences and skill development.
  • He invited Swedish investors to expand into India’s infrastructure and manufacturing sectors, highlighting investor-friendly policies and a skilled workforce.
  • The India-Sweden Business Leaders’ Roundtable drew major participants including Wallenberg Investments AB and LeadIT to explore joint projects in green transition and advanced manufacturing.
  • Discussions reaffirmed the March 2024 India-EFTA trade deal’s $100 billion investment pledge by member states and steps to strengthen resilient supply chains.
  • Negotiators signalled renewed urgency on the long-pending India-EU free trade agreement to diversify supply chains and boost trade.