New Delhi: Union Commerce and Industry Minister Piyush Goyal on Friday said that India and Sweden should work together to build a more resilient and strong partnership.
Speaking at the CEO Forum of India-Sweden strategic business partnership, he said, ‘The year 2020 has been a challenging year, but let us convert this crisis into an opportunity.’
Mr Goyal said, ‘We would like Sweden to be a part of our efforts to expand Indian economy, to reach higher level of prosperity and design an India suitable for global engagement in the modern 21st-century world.
‘I am sure that the CEO forum and Sweden-India strategic business partnership will help us expand this friendship at every level and make Sweden an important part of India’s own growing economy,’ he added.
The Union Minister said that India, with 1.35 billion people, provides one of the world’s largest business opportunities.
‘We have a very large and growing middle class, aspiring for a better quality of life. I am sure Swedish companies would love to work in India and explore better opportunities.
‘We believe our renewed focus on technology will help us re-align India’s priorities and Sweden will have an important role to play, being our natural partner for innovation and growth,’ he added.
Talking about Aatmanirbhar Bharat, Mr Goyal said that under it, ‘we are encouraging import of high-tech products, encouraging people to bring technologies, skills, better qualities of healthcare and education to India.
The effort to increase the presence of both, domestic and international companies in manufacturing space, will help us increase the income levels of the people of India, expand the economy, de-regulate and remove investment barriers and help our economy to grow.’
He said that Sweden is as much a partner and a part of Aatmanirbhar Bharat as any other democratic, like-minded country which believes in rules of fair trade and reciprocal access to Indian businesses in their country.
‘Swedish companies in India have a very big role to play in our hope and desire to expand our engagement with the rest of the world. Under Aatmanirbhar Bharat, Sweden and India complement each other.
‘Sweden is the world’s innovator and at the forefront of developing cutting-edge technologies in a variety of fields. India can benefit immensely with this partnership.’
‘We will look for Sweden and European Union also opening its doors a little wider, removing some of the non-tariff barriers or standards, so that there is reciprocity in our trade with Sweden and Europe and expansion of business on both sides,’ he added.