India Sweden Relations. May 16, 2014 Örebro University

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1 India Sweden Relations May 16, 2014 Örebro University

2 AREA - 3,287,263 sq kms (Seventh largest in the world and 2/3 of Europe more than 7 times the size of Sweden ) POPULATION 1.2 Billion, (Second largest in the world & 17.3% of the World population) GDP - US$ 1.82 Trillion ( ), 10 th largest in the world by in nominal terms and 3 rd largest by purchasing power parity(ppp) GDP Growth Rate estimate 5% in , expected at 5% in Amount of FDI equity inflows - US$ 27.2 billion (from April 2012 to December 2012)

3 Sweden GDP: $381.7 billion GDP Per Capita: $40,393 Area: 450,295 sq km Population: 9.6 million India GDP: $4.7 trillion GDP Per Capita: $3,851 Area: 3,287,263 sq km Population: 1.2 billion You can fit 7.3 Swedens in India 125 Indians for every one Swede.

4 Contacts going back to 18 th Century - Evidence shows Swedish ships were in India in mid 18th century Swedish companies enter India in early 19 th Century - In 1903 India s first telephone exchange was bought from Ericsson followed in a few years by Swedish Match, Asea (today ABB) and others. Diplomatic Relations establishes as soon as India became independent in Regular high level contacts between the two countries beginning with the 1957 visit of Prime Minister Jawaharlal Nehru to Sweden. In 1960 s and 1970 s the second wave of Swedish industrial companies entered India they helped India s industrialization such as Alfa Laval, SKF, Tetra Pak, Sandvik, Atlas Copco. Since then close political ties based on common values of democracy consolidated with Prime Minister Olof Palme s visits in 1985 and 1986, State visit by His Majesty in 1993 & visits of Prime Minister Persson (2004) and Prime Minister Reinfeldt (2009) and frequent parliamentary exchanges. Today another new wave of Investments in both directions...

5 The Royal Technology Mission delegation led by the King Carl Xvi Gustaf of Sweden meeting with the President, Dr. A.P.J. Abdul Kalam at Rashtrapati Bhavan in New Delhi on November 24, 2005.

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8 Visits from Sweden to India in last three years Foreign Minister Mr. Carl Bildt (November 2013 for the Asia Europe Ministerial Meeting & October 2011 for a bilateral visit), Deputy Prime Minister and Minister for Health and Education Mr. Jan Björklund (May 2013), State Secretary for Enterprise and Energy Mr. Daniel Johansson (April 2013), State Secretary for Foreign Trade Mr. Gunnar Oom (February 2013) Minister for Social Security, Mr. Ulf Kristersson (November 2012) Minister for Enterprise, Ms. Annie Lööf (October 2012), Minister of Environment, Ms. Lena Ek (October 2012), Secretary of State in the Ministry of Foreign Affairs Mr. Frank Belfrage (March 2012), Minister for Health and Social Affairs, Mr. Göran Hägglund (February 2012). Defence Minister, Mr. Sten Tolgfors (January 2011) and Many Parliamentary delegations.

9 Visits from India to Sweden in last three years State Secretary for Tourism Mr. Parvez Diwan, (August 2013) Minister of State for External Affairs Mrs. Preneet Kaur (June, 2013) Minister for Health and Family Welfare Mr. Ghulam Nabi Azad, (May, 2013) Minister of State for Power Mr. Jyotiraditya Scindia, (May, 2013) Minister of State for Corporate Affairs Mr. Sachin Pilot (April, 2013) State Secretary for External Affairs Mr.Sudhir Vyas (April 2012) Minister of Human Resource Development and for Communications & Information Technology Mr. Kapil Sibal (September 2011) Minister of Power Mr. Sushil Kumar Shinde (June 2011) and Parliamentary Delegation led by Hon ble Speaker Ms.Meira Kumar (June 2011)

10 Avoidance of Double Taxation Agreement, 1997; Bilateral Investment Protection Agreement (BIPA), 2000; Science & Technology Agreement, 2005; Indo-Swedish Joint Commission for Economic, Industrial, Technical and Scientific Cooperation, 2005 MoU for cooperation in the field of Healthcare and Public Health, 2009; MoU on Defence cooperation, 2009; MoU on cooperation on Environment, 2009; MoU in the field of Renewable Energy, 2010; and Social Security Agreement,2012.

11 Fast growth in Bilateral trade Almost doubled from US$ 1.5 Billion in To reach $ 2.8 Billion in Investments also increasing in both directions

12 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

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14 Present since 2007 in mining and construction segments. Distributed and is supporting more than 800 trucks in various mining jobsites across India. In 2011, established Scania Commercial Vehicles India in order to boost its presence through sales to the on-road segment.

15 The majority of Saabs business units have been active in India. Saab s earliest association with the Indian Armed forces can be traced back over three decades Contributing to India s civil security needs as well as defence

16 Growth in Asia is a driving factor for Gunnebo s global success. India has now moved into being the second largest market in the Group this compares fifth position for Gunnebo in With an increase of 50% in year on year orders and a 40% increase in revenue, India becomes a priority market for Gunnebo.

17 SCA will invest about SEK 150m in local production of hygiene products in India. Production at SCA s own plant is planned to commence in 2015.

18 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 with growing international competitiveness of Indian firms and the potential for business alliances with innovative Swedish partners.

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20 Demographic Dividend Among the world s youngest nations with a median age of 25 years, compared to 43 in Japan and 36 in the US. Has third largest pool of scientific and technical manpower in the world Largest English Speaking Population in the world Stable political system Ovr % Between years 50.7% 0-19 years 41.8% Human Capital Projected Median Age in 2025 Tradition of free enterprise Progressive Economic Liberalization and Reform since 1990s Source: World Population Prospects, 2011, UN

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22 On 7th January, 2014 India test-fired its indigenously developed Prithvi-II missile, capable of carrying 500 kg to 1,000 kg of warheads with a strike range of 350 km. The test was carried out as part of a user trial by the Army. Prithvi II, the first missile to be developed by DRDO under India's prestigious IGMDP (Integrated Guided Missile Development Program) is now a proven technology. Equipped with a liquid propulsion engine, it uses advanced inertial guidance system with maneuvering trajectory. The last user trial of Prithvi-II was successfully carried out on 3rd December, 2013.

23 Will continue to be founded on common democratic values Economic & Business collaboration will broaden and deepen Growing collaboration in innovation through joint Research & development and institutional linkages People-to-people links will grow stronger

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