Stockholm/New Delhi: President Pranab Mukherjee on Tuesday announced e-tourist visas for all Swedish nationals during an interaction with business leaders from India and Sweden in Stockholm. Mukherjee, who is on a state visit to Sweden, assured the Swedish CEOs that the Indian government is "responsive to industry and investors". "It is creating an appropriate atmosphere in the country to promote investment and manufacturing.
A constant dialogue between investors and officials will help at the arrival of solutions to specific problems," he said. Addressing a Business Seminar later, the President said India-Sweden business relations date back to the early 20th century when Ericsson brought manual switches and telephone systems to India. Swedish Match established its facility (WIMCO) in India in 1926.
Since then, many other Swedish companies have established operations in India. There are 170 Swedish joint ventures and wholly owned subsidiaries in India. Investments have also begun to flow from India to Sweden with around 50 Indian companies present in Sweden, said a Rashtrapati Bhavan statement. The president urged businessmen of both sides to reinvent India-Sweden relations and give it new dimensions.
Welcoming the enthusiasm shown by Swedish firms in investing in India, he said the three Ds of India - Democracy, Demography and Demand will ensure that their investments are a huge success. Pointing out that India is going to become a