SIBC Overview

The Sweden-India Business Council (SIBC) was established in May 2003 following an initiative by several Swedish companies that have seen the new, fast and promising developments in India. As a result of discussions with the Indian business community, an MOU regarding was signed between the Indian organisation The Confederation of Indian Industry (CII) and The Confederation of Swedish Enterprise. Since then we have also signed a collaboration agreement with the Federal Chamber of Commerce and Industry (FICCI) in India.

Purpose

The responsibility for development of opportunities and activities between these parties is entrusted to the SIBC. We cooperate in Sweden with The Swedish Trade Council, The Import Council and our ministries amongst others. Membership is open to Swedish entities based in Sweden or in India and any Indian entities legally established in Sweden. Purpose To deepen and strengthen relations between businesses in Sweden and India. To actively support the growth of trade and investments between Sweden and India. To encourage new business partnerships with focus on the business community. To provide a forum for the exchange of cultural values, business experiences and ideas. To become a serious and valuable source of information to the Swedish and Indian governments related specifically to business opportunities and any significant obstacles to trade and investment. To maintain the good-will which follows a membership in SIBC.

Activity

Arrange seminars about opportunities, problems and regulative changes in India and in Sweden and provide a discussion forum for economic and other matters affecting trade. Receive important delegations from India and facilitate business meetings and the development of relations. Participate in Round Table meetings on specific topics. Distribute an electronic newsletter with information as requested by members. Give advise to members on matters pertaining to trade between Sweden and India. Maintain close contact with Swedish ministries and other appropriate authorities to facilitate understanding and information flow to and between members.

Potential areas of growth

  • Biotechnology and Bio Informatics
  • Healthcare and pharmaceuticals
  • Telecommunications, IT and software development
  • Environment technology
  • Heavy engineering
  • E-Commerce and internet banking
  • Waste management
  • Infrastructure development including transport and ports
  • Power sector and renewable sources of energy
  • Pulp, paper and packaging industry and technology transfer
  • Dairy development
  • Forestry and low cost housing
  • Joint R&D
  • Sports goods
  • Automotive parts and components
  • Third country marketing and JVs, especially between India, Sweden and the Baltic countries
  • Steel R&D & JVs
  • Inland waterways Research & Shipyards & Ship building