Invest in Sweden Agency inaugurates first India office

Invest in Sweden Agency (ISA), a Swedish government agency under the ministry of foreign affairs, has opened its first office in India at New Delhi.

Its fourth office outside USA, Japan and China, the new office will help Indian business investors with opportunities in Sweden. The India office will be headed by Srikant Illuri, executive director and country head.

The setting up of this office underpins the strategic focus on India for attracting investments into Sweden. Companies planning to establish or expand business operations in Sweden, be it strategic alliances, access to product innovations, R&D, mergers, international/regional HOs for Sweden, Scandinavia or Northern Europe can, free of charge, obtain information and assistance from ISA through its well established network in Sweden with access to companies, government and the regions.

The India office was inaugurated on 23 September in New Delhi by Anjali Prasad, joint secretary, department of industrial policy and promotion (DIPP), ministry of commerce and industry, government of India in the presence of Lars-Olof Lindgren, ambassador of Sweden to India and Per-Erik Sandlund, president and director-general, ISA.

Highlighting the importance of enhancing economic relations between Sweden and India, Lars-Olof Lindgren said, "I see great potential for increased collaboration between our countries. Sweden and India are a perfect match. As a result of this collaboration, new techniques and products could be created and made available and affordable not only for the Swedish and Indian markets, but also other countries."

Per-Erik Sandlund, said, "Sweden is an investment hotspot and among the top five countries worldwide in international trade. As companies in India expand and consolidate their global footprint, we would like to be a part of their consideration set."