Prime Minister Narendra Modi met with top European executives in Gothenburg, Sweden, to encourage increased investment in the Indian economy.
The meeting signals a strategic push to deepen India-EU ties through industrial alignment and reform-driven growth. By engaging directly with the European Round Table for Industry (ERT), India aims to attract capital for technology and renewable energy projects.
The event was hosted by the Volvo Group and included high-level officials such as Swedish Prime Minister Ulf Kristersson and European Commission President Ursula von der Leyen [1]. The discussions focused on showcasing India's economic reforms to attract European firms to expand their manufacturing footprints within the country [2].
During the roundtable, Modi said he outlined a framework covering five sectors for India-Europe business cooperation [2]. This framework is intended to streamline investment opportunities across strategic industries, including technology, and green energy, to ensure long-term strategic alignment between the two regions [1].
Representatives from the ERT said India's growth trajectory was positive, noting the impact of recent reforms on the business climate [1]. The dialogue occurred as part of a broader effort to enhance the India-EU strategic partnership, focusing on creating a more resilient supply chain and fostering innovation [2].
Modi's approach emphasizes a shift toward high-tech manufacturing and sustainable infrastructure. The prime minister said he called for new investment that leverages European expertise to support India's industrial goals [2].
“India aims to attract capital for technology and renewable energy projects.”
This diplomatic engagement underscores India's ambition to diversify its foreign investment sources and reduce reliance on single-market dependencies. By establishing a specific five-sector framework, India is attempting to move beyond general trade agreements toward targeted industrial cooperation, specifically in green energy and high-tech manufacturing, to accelerate its domestic industrialization.
