Prime Minister Narendra Modi urged leading European CEOs to increase their investments in India during a European Round Table industry meeting in Gothenburg, Sweden.
The initiative seeks to institutionalize deeper business ties between India and Europe by showcasing India's reform-driven growth to the continent's most influential corporate leaders.
During the session, Modi presented a specific five-sector collaboration framework [1] designed to streamline and deepen economic ties. The framework aims to create a structured approach for European firms to enter the Indian market across these priority areas.
Modi said India is open for business and highlighted the country's current trajectory of economic reforms. The meeting served as a platform to pitch India as a premier global destination for capital and industrial expansion.
Beyond the economic discussions, the visit included diplomatic recognition of the Prime Minister's role in strengthening international ties. Modi received Sweden's second-highest honour [2] during the trip.
The Prime Minister said the "reform express" is moving at full speed to ensure a conducive environment for foreign direct investment. By targeting top executives through the European Round Table, India aims to secure long-term industrial partnerships that go beyond simple trade agreements.
“India is open for business”
This diplomatic push represents a strategic effort by India to diversify its foreign investment sources and reduce reliance on a few key partners. By establishing a formal five-sector framework, India is attempting to move from opportunistic deal-making to a systemic industrial partnership with the European Union's corporate sector.
