Charmed Modi

Swedish companies are investing big in India: Ikea is to open 25 new stores over ten years, Saab is hoping to negotiate orders for 100-400 fighter jets and Volvo is introducing its hybrid buses in Mumbai.

The Swedish delegation at the India International Trade Fair, Make, expected a two-minute visit from India’s Prime Minister, Narendra Modi, but Sweden’s trade secretary in India, Anna Liberg says, “We got 20 minutes with him, and he has shaken the hand of 10-15 Swedish CEOs and listened to their plans in India. We have made an extremely good impression.”

Volvo’s CEO, Martin Lundstedt, says, “I put forward our message on sustainability, urban development and public transport systems. And he displayed lots of interest in this, which, of course, means a lot to us.”