Sweden’s Ambassador to India, Jan Thesleff, announced that four Swedish companies, including IKEA, are considering establishing bases in Tamil Nadu. Currently, 70 Swedish firms operate in the State, employing around 25,000 people. Other Swedish companies, such as Scandinavian Robot Systems in Chennai and Jacobi in Coimbatore, will open new facilities in January 2025. Thesleff also led a 15-company delegation to meet with Tamil Nadu Industries Minister T.R.B. Rajaa, discussing expansion needs. Swedish firms see India as a growing market and potential export hub, with increased research cooperation between Swedish and Indian universities, including collaborations with the Indian Institute of Technology-Madras (IIT-M).

Share this article
The link has been copied!