Imports mainly comprise of electrical machineries, nuclear reactors & boilers and optical & surgical items. Aggregate FDI inflow from Sweden to India during the period 1991 to May 2006 stands at a lowly $472.24 million. No doubts, the growth potential in areas like e-commerce, IT enabled services, Biotics, telecommunications, wireless & cellular telephony and infotainment et al needs to be exploited. Sighting a reason for the same, Leif Pagrotsky, Minister of Trade and Industry, Sweden explains, “Swedish companies are still hesitant in investing because of bureaucratic bottlenecks and relatively poor infrastructure support in India.” Many Swedish MNCs like Ericsson, Telia, Volvo, Skandia, Electrolux, Microsoft Mobile, Vattenfall, ABB et al are flourishing in India.
For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link
For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link
Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006
