PRESENTED BY RAMJI CHAITANYA.

T ROLL NO-10031EIB27 MBA IB JNTUH

INTRODUCTION
Why Sweden? 1. Industry and Development (economic history). 2. Doing Business in Sweden . 3 . Indo Swedish Trade.

Industry and development

Economy - GDP (2010 est., nominal): $438.8 billion. Industriel contribution Approx. 26.6% of GDP. services contribution Approx. 71.6 % of GDP. Currency- Swedish krona or Kronar. - 1sek = $0.15, 1sek= 0.11, 1sek= Rs.7.06. 1 INR = 0.14 sek. Trade - Exports - SEK 728.2 billion (U.S. $102.9 billion).
-Major trading partners, exports (2010)- Germany- 10.1%, U.K.- 7.6%, U.S.- 7.3%, France- 5.1%, China -3.1%, India- 0.015 %. Norway - 9.9%,

- Imports - SEK 687.6 billion (U.S. $97.2 billion).

- Major trading partners, imports (2010)-Germany- 18.3%, Norway8.7%, Denmark- 8.5%, U.K.- 5.7%, Russia- 4.9%, France- 4.8%, China- 3.9% , India - 0.005%.

 Ten Reasons

Doing business in Sweden

1. INNOVATION. 2. MARKET. 3. EASY TO DO BUSINESS. 4. HIGH PRODUCTIVITY. 5. CENTRAL LOCATION. 6. A MODERN WORK PLACE. 7. R&D. 8. INFRASTRUCTURE. 9. TAXATION. 10. QUALITY OF LIFE.

Indo- Swedish Trade

Indo - Swedish economic and trade relations. India - Sweden bilateral relations. Indo Swedish trade and investments. Investments.

 Political Relations :

India - Sweden bilateral relations.

The first ever India Friendship Group was set up in Swedish parliament in February 2006, with a membership of over 45 MPs drawn from parties across the political spectrum.

Agreements/Arrangements, Investments For Promoting Trade :

(i) (ii) (iii) (iv) Avoidance of Double Taxation Agreement, notified on 17 December 1997. Bilateral Investment Protection Agreement (BIPA), signed on July 4, 2000. Science & Technology Agreement signed in December, 2005 MoU between the Sweden India Business Council (SIBC) and the Federation of Indian Chambers of Commerce & Industry (FICCI) signed in June, 2005. (v) Indo-Swedish Joint Commission for Economic, Industrial, Technical and Scientific Cooperation. (vi) MoU on Air Services Agreement between India and the Scandinavian countries i.e., Sweden, Denmark and Norway signed on November 30, 2006. (vii) MoU for cooperation in the field of Healthcare and Public Health signed in February 2009. (viii) MoU between the Karolinska Institute and the Indian Council of Medical Research signed in June, 2009. (ix) MoU on Defence cooperation signed in November, 2009. (x) MoU on cooperation on Environment was signed in November, 2009.

India - Sweden bilateral relations.(cont..)

Economic and Commercial relations:
Economic interests have emerged as the driver of the relationship in the recent years with the bilateral trade at US$ 2.3 billion in 2009 and two-way investments.

Areas identified : IT, Telecommunications, Biotechnology, Environmental

technologies and automotive industry. The main Swedish exports to India are in the areas of pharmaceuticals, paper & pulp products, chemicals, engineering products and telecom equipment. The main items of Indian exports are chemical products, food products, and semi-manufactured and manufactured goods.

India - Sweden bilateral relations.(cont..)

A table on bilateral trade data is as follows:

Cultural relations.

Indo Swedish trade and investments.

Indias share in Swedish imports: 0.5% January-December 2005 : US$ 0.494 billion (SEK 2949 million) January-December 2006 : US$ 0.548 billion (SEK 3269 million) January-December 2007 : US$ 0.698 billion (SEK 4166 million) January-December 2008 : US$ 0.529 billion (SEK 4806 million) January-December 2009 : US$ 0.582 billion (SEK 4184 million) January-September 2010 : US$ 0.579 billion (SEK 3250 million)

Indias share in Swedish exports: 1.0% January-December 2005 : US$ 1.1 billion (SEK 6964 million) January-December 2006 : US$ 1.6 billion (SEK 9922 million) January-December 2007 : US$ 1.7 billion (SEK 10649 million) January-December 2008 : US$ 1.4 billion (SEK 12612 million) January-December 2009 : US$ 1.8 billion (SEK 12750 million) January-September 2010 : US$ 1.2 billion (SEK 8501 million)

Investments.
Ericsson, which started supplying telecom switches to India in 1903 inaugurated its R&D facilities in Chennai in February 2006 as well as its second manufacturing facility in Jaipur in March 2005. In Jan 2007, Ericsson announced its intention to invest US$ 500 million in the next five years in India. Swedish companies like SKF, Atlas Copco, DeLaval, Volvo, ABB, Astra Zeneca, etc. have expanded their operations in India. Swedish companies like SKF, Atlas Copco, DeLaval, Volvo, ABB, Astra Zeneca, etc. have expanded their operations in India.

Investments (cont..)
On 18th July 2007 , Bharti Airtel, Indias largest mobile operator, awarded a record $2-billion network outsourcing, maintenance and management contract to Swedish telecom major Ericsson. On 18th July 2007 , BSNL placed order for mobile equipment of 14 million GSM lines with Swedish vendor Ericsson at a cost of 80 dollar per line, much lower than the original cost of 107 dollar, the contract now stands at two billion dollar or about Rs 8,000 crore. On 19 July 2007, Bombardier Inc. won a $590-million order from Delhi Metro Rail. In November 2007, Scania made its debut in India with a tie-up with L&T for building tipping trucks. In August 2008, Associated Powercon Equipment (India) Private Limited purchased Kraftelektronik AB, a company based in Surte, Sweden.

CONCLUSION
A strong country reputation builds stakeholder support, making Sweden a country people will recommend as a place to visit, invest, live and work. Sweden overtakes the US and Singapore this year to be placed 2nd overall in the overall ranking of The Global Competitiveness Report 2010-2011 released by the World Economic Forum.

REFERENCES
Embassy of India. Embassy of Sweden. www.economywatch.com U.S. Department of state.

Queries.

TACK!!