Swedish brand Volvo has begun assembling cars at their plant near Bangalore in India. Cars valued $40,000 or more that are brought into the country through the Completely Built Unit route attract an import duty of 100%. So to make the cars more affordable to Indian consumers, Volvo India will go...
India's Defense Forces Evaluate America's Combat Planes
The Indian Air Force will try out America's latest version of the F-16 and Sweden's Saab Gripen fighter aircraft with the advanced AESA radar to select a partner to build 120 combat planes. The deal is estimated at $20 billion. India's Air Force will replace its ageing fleet of Russian MiG-series...
Clean Motion Expects India Largest Market for its Electric Rickshaws
Clean Motion India, a subsidiary of Clean Motion AB, Sweden, rolled out its three-wheeled electric rickshaw or “pod” called the Zbee in 2016. Certified in the L5 category by the International Center for Automotive Technology, these electric vehicles are gaining acceptance in India. Business World interviewed Anil Arora, Country Head,...
Swedes Consider Business Climate in India as Favorable
The embassy of Sweden in India and the Swedish Chamber of Commerce released the 9th edition of their Business Climate Survey report for India, wherein 65 percent (a massive jump from the only 15 percent in 2013) of Swedish multinationals put India as a favorable destination to do business. This survey...
Ericsson and IIT Delhi to Roll Out '5G for India Program'
Swedish firm Ericsson and the Indian Institute of Technology Delhi have signed a memorandum of understanding to jointly roll out a ‘5G for India’ program. Ericsson has agreed to set up a Center of Excellence with a 5G test bed and incubation center at the Indian Institute of Technology in...
Saab Commences Transfer of Missile Technology to India
Sweden's Saab Group and India's Kalyani Strategic Systems Ltd., gear up to win the Indian Army's $2 billion surface-to-air missile contract. Even though the joint venture between the two companies has not yet been finalized, the transfer of technology has begun for the air defense missile system called the BAMSE...