Prime Minister Narendra Modi outlined five reasons for European companies to invest in India during a CEO round table in Gothenburg, Sweden, on Sunday [1, 2].
The pitch aims to position India as Europe's next growth hub by leveraging its expanding technology sectors and government-led industrial initiatives [2].
Modi addressed the European CEO Round Table, an event organized by Volvo [1]. He said India's startup ecosystem is currently the third largest in the world [1]. To attract capital, the prime minister focused on five key potential areas for investment [1].
These sectors include artificial intelligence, fintech, space, and mobility [1]. He also said green energy, deep tech, and healthcare are primary drivers for future collaboration [2].
To support these goals, Modi pointed to several government frameworks designed to facilitate industrial growth. These include the Make In India initiative, the National Green Hydrogen Mission, and the National Critical Mineral Mission [1, 2].
By aligning these national missions with European expertise, the prime minister said India can accelerate its transition toward sustainable energy and advanced technology. The visit underscores a strategic effort to diversify investment sources and strengthen economic ties between New Delhi and European industrial leaders [1, 2].
“India's startup ecosystem is the third largest in the world”
This diplomatic push signals India's intent to move beyond traditional service-sector exports and become a global hub for high-tech manufacturing and green energy. By targeting European CEOs through specific missions like the National Green Hydrogen Mission, India is attempting to secure the specialized technology and capital necessary to compete with other emerging markets for foreign direct investment.
