Optimism surrounds the groundbreaking India-EU Free Trade Agreement, with Swedish Ambassador Jan Thesleff hailing it as a trust-building triumph that will create jobs and skill avenues. In an IANS exclusive, he lauded India’s talent abundance and youthful innovation, foreseeing vast opportunities from the ‘Mother of All Trades’ deal.
The pact dismantles trade limits, aiding Sweden’s established base and inviting others. ‘It shows profound mutual confidence,’ Thesleff stated, emphasizing SME gains where employment thrives on creativity. Leader-level interactions reinforce this for businesses.
With 400 Swedish entities—7% of EU firms—Thesleff urged more to invest and innovate in India. Sci-tech ties, including excellence centers, are invited across automotive, IT, pharma, and beyond. Reciprocally, 75-80 Indian firms invest in Sweden, fueling bilateral growth.
Investments spark jobs and ‘intellectual remittances’—skills Indians gain in Sweden’s ecosystem return to boost families and national progress. Swedes gain similarly in India. Indians lead Sweden’s foreign influx, set for 1% demographic impact by 2030.
‘New doors for skilled talent on both sides,’ Thesleff declared. Though oceans apart, India-EU bonds strengthen ceaselessly, heralding economic synergy.