Prime Minister Narendra Modi met with CEOs at the European Round Table for Industry in Gothenburg, Sweden, on May 17, 2026 [1].
The meeting serves as a critical step in strengthening economic cooperation between India and Europe, focusing on attracting high-tech investment and expanding manufacturing capabilities.
During the summit, Modi and the business leaders discussed innovation and technology to promote bilateral ties [2]. The conversations centered on strengthening the economic framework between India and European nations through increased trade and investment [3].
This engagement is part of a broader five-nation tour that includes visits to the UAE, Netherlands, Norway, and Italy [4]. The Prime Minister's itinerary emphasizes the strategic importance of semiconductors and defense sectors as India seeks to diversify its industrial partnerships [4].
In addition to the business summit, Modi received the Royal Order of the Polar Star [5]. This award is Sweden's second-highest honor [5].
The discussions in Gothenburg focused on how European industry can integrate with India's growing manufacturing base [2]. By engaging directly with the European Round Table for Industry, the Indian government aims to create a more seamless pipeline for technology transfers, and capital flow from the West [3].
Modi's visit to Sweden also included planned meetings with Prime Minister Ulf Kristersson and EU Chief Ursula von der Leyen [3]. These diplomatic efforts are intended to align India's economic goals with European regulatory and industrial standards to facilitate easier market access [3].
“PM Modi met with CEOs at the European Round Table for Industry in Gothenburg, Sweden.”
The focus on the European Round Table for Industry suggests India is pivoting toward a more structured, institutional approach to attracting European capital. By aligning with top CEOs and EU leadership simultaneously, India is attempting to position itself as the primary alternative manufacturing hub for European firms seeking to diversify their supply chains away from other East Asian markets.
